Etiqueta: Lei Jun

Instead, the company will present its SU7 and SU7 Ultra models at the event

Xiaomi does not plan to showcase its upcoming YU7 electric SUV at China's largest auto show next week, deflating widespread anticipation among visitors keen to catch a glimpse of the would-be challenger to Tesla's Model Y. Xiaomi's Vice President Li Xiaoshuang said the company would only take its SU7 and SU7 Ultra vehicles to the Shanghai auto show on social media platform Weibo on Tuesday. Asked by users about the YU7 at the show, he said it would not be featured.

Samsung Electro-Mechanics, the electronic components arm of Samsung Electronics, has secured a major supply deal with Chinese electric vehicle giant BYD for its multilayer ceramic capacitors, industry sources said Wednesday. The South Korean firm has already begun shipments of MLCCs, worth hundreds of billions of won, to several Chinese firms, including the world’s largest EV maker, BYD. MLCCs are essential components in electric devices, which store and manage the electricity, ensuring semicond

Nio Inc's insurance registrations last week stood at 2,500 units, down 43.18 percent from 4,400 units in the previous week.

From Xiaomi’s fatal car crash to Chinese EV makers reporting strong first quarter sales, here are seven EV stories you may have missed.

Tesla's competitors in China disclosed a slew of updates on Tuesday, once again signaling that competition on the mainland is fierce for the EV juggernaut and the Chinese upstarts.

BYD, the Chinese electric vehicle juggernaut headed by billionaire Wang Chuanfu, intends to raise HK$43.5 billion ($5.6 billion) to deal with fierce competition at home and to expand abroad.

Company expects to sell 10,000 units of the high-end car each year, founder and CEO Lei Jun says.

Chinese NEVs are about 3-5 years ahead of the rest of the globe, said BYD's Wang Chuanfu, calling for a more open world.

Lei Jun, the founder of Chinese tech giant Xiaomi, has climbed to the position of China’s fifth wealthiest billionaire following a remarkable 250% rally in the company’s shares over the past year. Investors have become increasingly optimistic about Lei’s expansion into the electric vehicle (EV) sector, driving Xiaomi’s market performance. At 55, Lei now possesses […]