Li Auto Second-Quarter Sales Set to Disappoint Amid EV Price War
Li Auto Inc. forecast second-quarter revenue that fell short of what investors are expecting, as the Chinese electric vehicle maker struggles amid intensifying competition in the world's biggest automobile market.
Carmakers in China have slashed sticker prices to kick start sluggish consumer demand, including market leader BYD Co., which last week cut prices by as much as 34%.
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Android Authority
28 minutes ago
- Android Authority
Samsung could turn the Galaxy S26 series into Perplexity phones
Joe Maring / Android Authority TL;DR Samsung is reportedly close to signing a deal with Perplexity to preload its services on Galaxy phones. The deal would see Perplexity's app and assistant installed on Galaxy devices, while its tech could be integrated into Bixby. The companies could announce these integrations later this year before kicking things off on the Galaxy S26 series. Samsung has a close partnership with Google and Microsoft when it comes to services on its Galaxy phones. Now, it sounds like a major AI player could be available out of the box on the Galaxy S26 series. Bloomberg reports that Samsung is close to inking a deal with Perplexity to preload its services and technologies on Galaxy phones, citing sources familiar with the matter. The deal could also see Samsung become one of the AI firm's biggest investors as part of a new round of funding. The outlet claims that Perplexity's assistant and app would be preloaded on Samsung phones, while its search features would be integrated into the Samsung Internet Browser. The companies are also apparently thinking about integrating Perplexity's technology into the Bixby assistant. Do you use Perplexity? 0 votes Yes, all the time NaN % Yes, now and again NaN % No, I don't NaN % Samsung and Perplexity could announce the partnership later this year. However, the companies are reportedly aiming to include Perplexity as the 'default assistant option' on the Galaxy S26 series. The companies might not stop here, though. They've reportedly talked about developing an 'AI-infused' operating system and an 'AI agents' app that would support Perplexity and other AI assistants. Samsung wouldn't be the first Android brand to offer integration with Perplexity, as Motorola beat it to the punch last month. Samsung also has a tight relationship with Google, but it wouldn't be the first time it considered a deal with one of Google's rivals. Samsung apparently considered a switch from Google to Bing in 2023 before ultimately sticking with the search kingpin. Got a tip? Talk to us! Email our staff at Email our staff at news@ . You can stay anonymous or get credit for the info, it's your choice.
New York Times
28 minutes ago
- New York Times
South Korea's New Leader Will Inherit a Divided Country in an Unstable World
The presidential election in South Korea on Tuesday will be a big step toward stabilizing the country after months of political turbulence. But whoever wins — the left-wing front-runner Lee Jae-myung or his conservative rival Kim Moon-soo — will lead a nation in crisis. South Korea's economic growth has sputtered to a snail's pace. Its income gap is wider than ever. Its suicide rates are among the highest, and its birthrates the lowest, in the world. Yet, the country has never been more politically divided — between the left and right, between generations and between young men and women. Whoever becomes the president will not be accepted by a large swath of the polarized society. South Korea also faces formidable challenges from abroad. North Korea is threatening to use its expanding nuclear arsenal against South Korea. Russia has signed a mutual defense treaty with the North and is helping modernize its military. But President Trump has asked why the United States should spend so much money to keep its troops in South Korea. He has also slapped steep tariffs on cars, steel and other products that are crucial for South Korea's export-driven economy. South Korea needs to repair strained diplomatic ties with China, its largest trade partner, to help spur exports and economic growth. But the United States, its only military ally, is asking it to join efforts to contain China. 'A daunting and complex crisis is buffeting us,' said Mr. Lee, the Democratic Party candidate who is leading in the polls. 'We must turn the crisis into opportunities.' Want all of The Times? Subscribe.
Bloomberg
34 minutes ago
- Bloomberg
Air India CEO Says Pakistan Airspace Ban Adding to Flying Costs
By and Mihir Mishra Save The continuing ban for Indian airlines in using Pakistani airspace is adding flying hours for non-stop flights and will weigh down Air India Ltd. 's path to profitability, its top executive said in an interview. 'The impact is significant but we have been able to sustain non-stop operations' to most destinations in North America and Europe, Air India Chief Executive Officer Campbell Wilson said in a Bloomberg TV interview Monday. 'It'll certainly hit our bottomline.'
