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Xiaomi founder, chairman and chief executive Lei Jun on Wednesday marked the roll-out of the firm’s 100,000th electric vehicle (EV) from the assembly line with a social-media post of himself sleeping on the factory floor, paying homage to what Elon Musk did during the early days of Tesla. In a post published at 7:57am on […]
The judgment on “secret” commission payments could have far-reaching implications for lenders, beyond those covered by an continuing investigation by the Financial Conduct Authority (FCA). The consumer champion Martin Lewis suggests the row “has the potential to shake up more than just car finance”. How did we get here? In January, the FCA launched an […]
BYD has recently celebrated the roll-off of the first 20 units from a 120-bus order destined for South Africa. The milestone event took place at BYD’s factory in Chinese eastern city of Qingdao. Earlier this year in July, BYD’s South African subsidiary secured a significant order from Golden Arrow, a prominent bus operator in the […]
On October 18, Beijing time, Pony.ai officially submitted its IPO prospectus to the U.S. Securities and Exchange Commission (SEC), planning to list on the Nasdaq with the stock ticker “PONY”. Goldman Sachs, Bank of America Merrill Lynch, Deutsche Bank, and Huatai Securities are serving as the main underwriters. According to the China Securities Regulatory Commission’s […]
On October 16, China’s Ministry of State Security disclosed an incident reportedly involving illegal mapping by a foreign corporation. The foreign entity, termed as Company A, was found to be conducting unauthorized geographic information mapping within China. This was done in collaboration with a domestic Chinese company, Company B, which holds mapping qualifications. The activities […]
Bosses at two of Europe’s biggest car manufacturers have called an acceleration of Europe’s transition to electric vehicles as tensions continue in the EU over the race to ban the traditional combustion engine. Carlos Tavares, the chief executive of Stellantis, which owns the Peugeot, Vauxhall, Jeep and Citroën brands, and Martin Sanger, the sales chief […]