Xpeng

Xiaomi surprises with lower-than-expected pricing on new EVs, in new challenge to Tesla

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Xiaomi surprises with lower-than-expected pricing on new EVs, in new challenge to Tesla

Chinese smartphone giant Xiaomi on Thursday launched its much-awaited first electric vehicle (EV) – the SU7, short for Speed Ultra – at a venue in Beijing close to its car manufacturing facility, pricing the standard model at 215,900 yuan (US$29,867) to take on Tesla’s Model 3 in the world’s largest EV market. The high-end SU7 … Read more

China price wars help spark US$157 billion rout in mainland consumer stocks as Alibaba, Yum China and BYD drag the market

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China price wars help spark US7 billion rout in mainland consumer stocks as Alibaba, Yum China and BYD drag the market

Gauges of consumer stocks have been the worst performers on the MSCI China Index since the end of September, after the real estate measure. The aggregate market value of companies included in the two consumer indexes has fallen by about US$157 billion since. Consumer stocks have been the worst performers on the MSCI China Index … Read more