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Xiaomi announces release date for first EV, shares surge

Reuters, Published on 12/03/2024

» BEIJING - Chinese electronics giant Xiaomi will start deliveries of its first electric vehicle (EV) by the end of March, the firm's boss said Tuesday, bringing its highly anticipated entry into the automotive industry to the brink of completion.

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Musk: Chinese EV firms will 'demolish' rivals without trade barriers

Reuters, Published on 25/01/2024

» SAN FRANCISCO - Tesla CEO Elon Musk said on Wednesday Chinese automakers will "demolish" global rivals without trade barriers, underscoring the heat the United States electric vehicle (EV) market leader faces from the likes of BYD (Build Your Dreams), who are racing to expand worldwide.