Geely-backed luxury EV brand Zeekr says it’s beating Tesla in parts of China

Pictured here is the Zeekr 001 electric car at a services trade fair in Beijing on Aug. 31, 2023. China News Service | China News Service | Getty Images BEIJING — Chinese electric car brand Zeekr is selling more vehicles than Tesla in parts of China, and plans to expand in Europe and Latin America … Read more

China’s Xiaomi is selling so many electric cars it’s closer to breaking even

The Xiaomi SU7 on display at the Mobile World Congress 2024. Arjun Kharpal | CNBC BEIJING — Chinese smartphone company Xiaomi‘s new electric vehicle is selling better than expected, putting it closer to break-even despite undercutting Tesla‘s Model 3 on price. Xiaomi has received more than 70,000 orders for its electric SU7 sedan as of … Read more

Apple iPhone sales drop 19% in China as Huawei demand soars: Counterpoint

TOPSHOT – The Apple iPhone 15 series is displayed for sale at The Grove Apple retail store on release day in Los Angeles, California, on September 22, 2023. (Photo by Patrick T. Fallon / AFP) (Photo by PATRICK T. FALLON/AFP via Getty Images) Patrick T. Fallon | Afp | Getty Images Apple’s iPhone sales dropped … Read more

China’s BYD fires up NEV offerings to compete with Tesla and Jeep

BYD unveiled three new cars for its Fang Cheng Bao brand on April 16, 2024, in Shenzhen. This vehicle, the Super 3 SUV, comes with a drone port on its roof. CNBC | Evelyn Cheng SHENZHEN – Chinese electric car company BYD is rapidly expanding its lineup to include vehicles that compete with traditional automakers … Read more

Apple iPhone shipments sink as Chinese challengers rise in Q1: IDC

TOPSHOT – The Apple iPhone 15 series is displayed for sale at The Grove Apple retail store on release day in Los Angeles, California, on September 22, 2023. (Photo by Patrick T. Fallon / AFP) (Photo by PATRICK T. FALLON/AFP via Getty Images) Patrick T. Fallon | Afp | Getty Images Apple iPhone shipments plunged … Read more

Fights in Mickey’s club house

Actors dressed as Walt Disney characters Mickey Mouse (left) and Minnie Mouse (right) perform during a press preview for the “Minnie Besties Bash!” parade at Tokyo Disneyland on January 17, 2023 in Urayasu, Japan. Tomohiro Ohsumi | Getty Images Entertainment | Getty Images This report is from today’s CNBC Daily Open, our new, international markets … Read more

Xiaomi shares up 15% after Chinese smartphone maker launches first EV

A Xiaomi SU7 electric sedan is seen displayed at a regional HQ of Xiaomi in Nanjing in east China’s Jiangsu province.  Future Publishing | Future Publishing | Getty Images BEIJING — Shares of Chinese smartphone maker Xiaomi surged 15% when the Hong Kong market opened Tuesday, the first trading day since the company launched its … Read more

Xiaomi releases electric car $4K cheaper than Tesla’s Model 3

Chinese consumer electronics company Xiaomi revealed Thurs., Dec. 28, 2023, its long-awaited electric car, but declined to share its price or specific release date. CNBC | Evelyn Cheng BEIJING — Chinese smartphone company Xiaomi said Thursday it will sell its first car for far less than Tesla’s Model 3, as price wars heat up in … Read more

China’s Xiaomi will price SU7, its Tesla EV rival under $69,400: CEO

Xiaomi’s first EV, the SU7, is on display at a Xiaomi Automotive delivery center on March 25, 2024 in Hefei, Anhui Province of China. Chinese tech company Xiaomi’s first electric vehicle, the SU7, will be formally launched on March 28.  Ruan Xuefeng | Visual China Group | Getty Images Xiaomi CEO Lei Jun on Monday … Read more

Xiaomi is set to launch its SU7 electric car on March 28

Chinese consumer electronics company Xiaomi revealed Thurs., Dec. 28, 2023, its long-awaited electric car, but declined to share its price or specific release date. CNBC | Evelyn Cheng BEIJING — Chinese smartphone company Xiaomi announced Tuesday it would formally launch its long-awaited electric car on March 28. The company claimed in a social media post … Read more