Etiqueta: Lei Jun

China's EV competition is so intense that even good cars can fail on the market.

From Xiaomi’s electric car unit’s potential profit to fears of an Evergrande-style collapse, here are seven EV stories you may have missed.

"They are nothing but lies," said Wang Yun, a 35-year-old teacher at a middle school in Tianjin, about many carmakers' marketing campaigns to promote smart driving vehicles.

SHANGHAI (Reuters) -China's annual major auto shows have become a showcase for the rise of ever-cheaper, better-performing electric vehicles and more confident local brands in the world's biggest market for cars. But the Shanghai auto show opened on Wednesday amid deep industry-wide uncertainty over how the U.S.-China trade war could dampen demand and scramble supply chains as 100 more models launch into an already crowded market with more losers than winners. In a further complication, Chinese regulators signalled more and tougher scrutiny for smart-driving features that many automakers had seen as the next big thing in setting apart their cars from competitors just a week ago.

[HONG KONG/SINGAPORE] Xiaomi pushed back the debut of its first sport utility vehicle (SUV) following a fatal accident involving its marquee electric car, a blow to its ambitions to put pressure on Tesla and BYD.

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