Latest news with #SU7UltraEV
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Business Standard
3 days ago
- Automotive
- Business Standard
Xiaomi SU7 Ultra EV coming to Gran Turismo 7 on PS5 and PS4: What to expect
Xiaomi's SU7 Ultra EV will soon join Gran Turismo 7 on PlayStation, marking the brand's gaming debut alongside a co-designed Vision Gran Turismo concept car New Delhi
Yahoo
15-05-2025
- Automotive
- Yahoo
Xiaomi EV Sales Fall After Deadly Crash, False Advertising Claims
(Bloomberg) -- Xiaomi Corp. electric vehicle sales in China have taken a hit since March after a fatal highway accident and consumer unhappiness around the marketing of one version of its car. As Coastline Erodes, One California City Considers 'Retreat Now' How a Highway Became San Francisco's Newest Park Power-Hungry Data Centers Are Warming Homes in the Nordics A New Central Park Amenity, Tailored to Its East Harlem Neighbors Maryland's Credit Rating Gets Downgraded as Governor Blames Trump Orders for Xiaomi's SU7 sedan plunged to around 36,000 units in April, down 55% month-on-month, Deutsche Bank AG wrote in a note. 'This trend extended into May,' auto analysts led by Bin Wang said. Deliveries are also suffering, the investment bank said, with volumes down sequentially over the past four weeks, from 7,200 in the third week of April to just 5,200 units in the second week of May. Local media reports earlier this month said more than 300 people want to cancel their SU7 Ultra EV orders on false advertising about the design of the vehicle's hood. That was the latest upset for Xiaomi after a fatal crash involving one of its SU7 sedans killed three people in late March. Deutsche Bank's report cited the accident among several reasons for the sales drop, as well as the 'recent dispute on the optional carbon fiber front hood' for the race car version of the SU7, which consumers have argued are just two holes and some plastic structures rather than the promised air ducts to improve aerodynamics and cooling. Xiaomi's shares in Hong Kong slipped as much as 1.4% Thursday, trimming gains this year to around 44.6%. Citi Research data show that since the beginning of the year, when sales are usually slow, orders for the SU7 sedan grew from 53,000 in February to 83,400 in March. But there was a sharp drop in April to 35,600, the month after the accident happened. Retail sales meanwhile fell from 29,200 in March to 27,200 a month later. Bloomberg reported in April that Xiaomi has pushed back the debut of its first sport utility vehicle, the YU7. Li Yanwei, with the China Automobile Dealers Association, also published an analysis on Wednesday on his Weibo account, showing that Xiaomi's car sales have been falling since mid-April. Outside of impacting consumer demand, the accident has brought more scrutiny to EV safety. Chinese authorities have tightened the promotion and deployment of advanced driver assistance systems, as the Xiaomi EV had the autopilot function turned on at the time of the crash. New standards are also being set for battery stability and recessed door handles that are popular in electric cars but which may become inoperable in the event of emergencies if the EV loses power. --With assistance from Charlotte Yang. (Updated with Citi data, further detail from 7th paragraph.) Cartoon Network's Last Gasp DeepSeek's 'Tech Madman' Founder Is Threatening US Dominance in AI Race Why Obesity Drugs Are Getting Cheaper — and Also More Expensive As Nuclear Power Makes a Comeback, South Korea Emerges a Winner Trump Has Already Ruined Christmas ©2025 Bloomberg L.P.
South China Morning Post
21-03-2025
- Automotive
- South China Morning Post
Xiaomi CEO Lei Jun drops watermelons, reveals juicy truth about firm's bulletproof coating
The founder and CEO of Xiaomi, China's innovative tech firm, demonstrated the effectiveness of the company's bulletproof coating by tossing watermelons from a height in a video that captured the amusing reactions of online fans. Advertisement Before launching the fruits from the rooftop of a building within the company's compound in Beijing, Lei Jun stated that they had been treated with the company's advanced bulletproof coating. This experiment was designed to test the material's remarkable functionality. In a video uploaded to his personal account on a prominent social media platform, Lei threw three watermelons from the top of a six-storey building located in the complex of Xiaomi's electric vehicle division on the outskirts of Beijing. The watermelons had been coated with a layer of grey, 'bulletproof' material that Lei claimed was applied to the bottom of the car battery pack. The watermelons were encased in a layer of grey, 'bulletproof' material that Lei asserted was applied to the underside of the car battery pack. Photo: Weibo Xiaomi commenced sales of its SU7 Ultra EV in February, with a price tag of 529,900 yuan (US$73,000), marking the company's latest strategic push into China's competitive luxury car market.
Yahoo
25-02-2025
- Automotive
- Yahoo
Li Auto Stock Jumps as Chinese EV Maker Posts Pictures of First All-Electric SUV
U.S.-listed shares of Li Auto are rising 13% in premarket trading Tuesday after the Chinese electric vehicle manufacturer posted photos of its first all-electric SUV model. The gains followed the release of two photos of the new Li i8 model in its social media platforms, according to CnEVPost, a website focused on Chinese EV news. Li Auto competes in China with homegrown firms Nio, BYD, and XPeng, as well as Elon Musk's Tesla.U.S.-listed shares of Li Auto (LI) are rising 13% in premarket trading Tuesday after the Chinese electric vehicle (EV) manufacturer posted photos of its first all-electric SUV model. The gains followed the release of two photos of the new Li i8 model in its Chinese social media platforms, according to CnEVPost, a website focused on Chinese EV news. According to the CnEVPost, Li Auto CEO Li Xiang said on Chinese social media platform Weibo that the firm had planned to announce the Li i8 on Thursday but moved the release forward by two days because Xiaomi is slated to release its SU7 Ultra EV as well as a new Ultra smartphone on the latter date. EV makers in China, the world's largest market for battery-powered cars, are intensely competitive, with domestic players enjoying the benefits of lower production costs. According to Boston Consulting Group, battery electric vehicles (BEVs) made up 27% of the market share of automobiles sold in China last year, versus 13% in Europe and 8% in the U.S. Li Auto competes in China with homegrown firms Nio (NIO), BYD, and XPeng (XPEV), as well as Elon Musk's Tesla (TSLA). Li Auto didn't respond to an Investopedia request for comment. Its shares are down by almost 25% in the past 12 months entering Tuesday's session. Read the original article on Investopedia Sign in to access your portfolio
