Xiaomi founder reveals the company’s billion-dollar bet on electric vehicles In 2021, Lei Jun initiated Xiaomi's venture into the electric vehicle (EV) market, calling it the “last major entrepreneurial project” of his life.
Nikola EV startup founder Trevor Milton has been sentenced to four years in prison for fraud On Monday, Nikola founder Trevor Milton was sentenced to four years in prison for his fraud convictions.
Alibaba reduces its stake in Chinese EV maker XPeng On Friday, Alibaba revealed plans to sell some of its shares in XPeng, and the EV maker’s stock dropped by over 8% the same day as a result.
Global electric car sales have jumped 20%, according to a recent report Recent market info from research firm Rho Motion shows that global electric car sales went up by 20% from last year.
BYD's growth is slowing down as it faces headwinds and more competition in 2024 Even though BYD did great in October, November brought a 12% dip in its shares because investors aren’t so sure about the company meeting its sales goals.
Renault has an investor day for its Ampere EV unit On Wednesday, Renault held an investor day to lay out plans for Ampere.
Huawei launches two new electric vehicles Huawei is making big moves in China's EV scene with its new models, the Avatr 12 and Luxeed S7, both equipped with advanced driving features.