newsinsightplus.com 10bn567km.As April 1, 2024 0 Comments BBC HomepageSkip to contentAccessibility HelpYour accountNotificationsHomeNewsSportWeatheriPlayerSoundsBitesizeMore menuMore menuSearch BBCHomeNewsSportWeatheriPlayerSoundsBitesizeCBBCCBeebiesFoodClose menuBBC NewsMenuHomeIsrael-Gaza warCost of LivingWar in UkraineClimateUKWorldBusinessPoliticsCultureMoreTechScienceHealthFamily & EducationIn PicturesNewsbeatBBC VerifyDisabilityBusinessMarket DataEconomyYour MoneyCompaniesTechnology of BusinessCEO SecretsArtificial IntelligenceXiaomi: Electric car buyers told they face six-month waitPublished52 minutes agoShareclose panelShare pageCopy linkAbout sharingImage source, ReutersBy Mariko OiBusiness reporterJust days after Chinese smartphone maker Xiaomi launched its first electric vehicle (EV), buyers have been told they may have to wait up to six months for their car to be delivered.Screen grabs on Chinese social media show the firm advising buyers it could take 27 weeks to deliver the SU7 Max.The company previously said pre-orders had hit 88,898 within 24 hours of it starting to take orders on Thursday.Xiaomi did not immediately respond to a BBC request for comment.The technology giant, which is the third-largest seller of smartphones in the world with a market share of about 12%, is taking on EV rivals including Tesla and BYD in the world’s biggest market for cars.The standard SU7 model is priced at 215,900 yuan ($29,872; £23,663) and the Max version costs 299,900 yuan.The starting price in China for Tesla’s Model 3 is 245,900 yuan. The SU7, which has drawn comparisons with Porsche’s Taycan and Panamera models, has a minimum range of 700km (435 miles), beating the Tesla Model 3’s 567km.As part of its campaign to promote the SU7, Xiaomi also released special versions of the car called the Founder’s Edition, that come with free gifts, such as fridges.On Sunday, the technology giant’s chief executive Lei Jun said in a Weibo post that it would open a second round of sales for the Founder’s Edition.The firm is hoping that the SU7’s shared operating system with its phones, laptops and other devices will appeal to existing customers.Xiaomi’s EVs are made by a unit of state-owned car manufacturer BAIC Group at a plant in Beijing that can produce as many as 200,000 vehicles a year.But the move comes as sales growth of EVs has slowed globally, triggering a price war.Tesla, which is headed by multi-billionaire Elon Musk, has cut the cost of its cars in China by thousands of dollars in recent months as local rivals like the world’s top-selling EV maker BYD have slashed prices.In an indication of the challenges facing technology firms who want to make electric cars, iPhone maker Apple last month reportedly cancelled its plans to build an EV.Last week, BYD posted record annual profits but said growth had slowed towards the end of last year.Shanghai-based electric car maker Nio also lowered its forecast for first quarter deliveries as consumers tightened spending as China’s economic growth weakens.American EV giant Tesla is due to announce its delivery numbers for the first three months of 2024 this week. Shares in Tesla fell by almost 30% in the first quarter.Xiaomi has said it will invest $10bn (£7.9bn) in its vehicles business over the next 10 years.Related TopicsInternational BusinessXiaomiChinaElectric carsChina economyTop StoriesAnti-Netanyahu protesters bring political splits back on showPublished6 hours agoTurkish opposition stuns Erdogan with local elections winPublished16 minutes ago’Facebook scammer tricked his way into our home’Published5 hours agoFeaturesThe Papers: ‘King’s strength’ and ‘agonising A&E waits’Scotland’s new hate crime law… in 90 seconds. VideoScotland’s new hate crime law… in 90 secondsWhy morning light is so crucial to your health. VideoWhy morning light is so crucial to your healthFree childcare hours expands to two-year-olds’Finding out I was autistic saved my life’A baby gorilla’s journey in search of a mum. VideoA baby gorilla’s journey in search of a mumIn pictures: Easter celebrations around the worldParents of Chibok girls heartbroken – againWhere workers are exploited to harvest an everyday ingredientElsewhere on the BBCThe ultimate bromanceEnjoy the genius of Peter Cook and Dudley Moore with a journey through the archivesAttributioniPlayerProfessor Alice Roberts unearths her favourite musicThe scientist and Digging for Britain presenter is Lauren Laverne’s castawayAttributionSoundsWhy did four tragic murders spark an online obsession?The case racked up nearly two billion views on TikTok worldwideAttributioniPlayerCaffeine: Dangers and benefitsFind out what effects this drug can have on dementia and cardiovascular diseaseAttributionSoundsMost Read1’Facebook scammer tricked his way into our home’2X Factor star says Cowell will walk her down aisle3Anti-Netanyahu protesters bring political splits back on show4’King’s strength’ and ‘agonising A&E waits’5Turkish opposition stuns Erdogan with local elections win6Millions get a pay rise as minimum wage increases7Move over beer – Germany decriminalises cannabis8Israeli troops pull out of Gaza hospital – witnesses9Energy bills lowest for two years after £238 fall10Stop stealing from Air Force One, journalists told [ad_1] The firm previously said SU7 pre-orders had hit 88,898 within 24 hours of it starting to take orders. 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newsinsightplus.com 10bn567km.As April 1, 2024 0 Comments BBC HomepageSkip to contentAccessibility HelpYour accountNotificationsHomeNewsSportWeatheriPlayerSoundsBitesizeMore menuMore menuSearch BBCHomeNewsSportWeatheriPlayerSoundsBitesizeCBBCCBeebiesFoodClose menuBBC NewsMenuHomeIsrael-Gaza warCost of LivingWar in UkraineClimateUKWorldBusinessPoliticsCultureMoreTechScienceHealthFamily & EducationIn PicturesNewsbeatBBC VerifyDisabilityBusinessMarket DataEconomyYour MoneyCompaniesTechnology of BusinessCEO SecretsArtificial IntelligenceXiaomi: Electric car buyers told they face six-month waitPublished52 minutes agoShareclose panelShare pageCopy linkAbout sharingImage source, ReutersBy Mariko OiBusiness reporterJust days after Chinese smartphone maker Xiaomi launched its first electric vehicle (EV), buyers have been told they may have to wait up to six months for their car to be delivered.Screen grabs on Chinese social media show the firm advising buyers it could take 27 weeks to deliver the SU7 Max.The company previously said pre-orders had hit 88,898 within 24 hours of it starting to take orders on Thursday.Xiaomi did not immediately respond to a BBC request for comment.The technology giant, which is the third-largest seller of smartphones in the world with a market share of about 12%, is taking on EV rivals including Tesla and BYD in the world’s biggest market for cars.The standard SU7 model is priced at 215,900 yuan ($29,872; £23,663) and the Max version costs 299,900 yuan.The starting price in China for Tesla’s Model 3 is 245,900 yuan. The SU7, which has drawn comparisons with Porsche’s Taycan and Panamera models, has a minimum range of 700km (435 miles), beating the Tesla Model 3’s 567km.As part of its campaign to promote the SU7, Xiaomi also released special versions of the car called the Founder’s Edition, that come with free gifts, such as fridges.On Sunday, the technology giant’s chief executive Lei Jun said in a Weibo post that it would open a second round of sales for the Founder’s Edition.The firm is hoping that the SU7’s shared operating system with its phones, laptops and other devices will appeal to existing customers.Xiaomi’s EVs are made by a unit of state-owned car manufacturer BAIC Group at a plant in Beijing that can produce as many as 200,000 vehicles a year.But the move comes as sales growth of EVs has slowed globally, triggering a price war.Tesla, which is headed by multi-billionaire Elon Musk, has cut the cost of its cars in China by thousands of dollars in recent months as local rivals like the world’s top-selling EV maker BYD have slashed prices.In an indication of the challenges facing technology firms who want to make electric cars, iPhone maker Apple last month reportedly cancelled its plans to build an EV.Last week, BYD posted record annual profits but said growth had slowed towards the end of last year.Shanghai-based electric car maker Nio also lowered its forecast for first quarter deliveries as consumers tightened spending as China’s economic growth weakens.American EV giant Tesla is due to announce its delivery numbers for the first three months of 2024 this week. Shares in Tesla fell by almost 30% in the first quarter.Xiaomi has said it will invest $10bn (£7.9bn) in its vehicles business over the next 10 years.Related TopicsInternational BusinessXiaomiChinaElectric carsChina economyTop StoriesAnti-Netanyahu protesters bring political splits back on showPublished6 hours agoTurkish opposition stuns Erdogan with local elections winPublished16 minutes ago’Facebook scammer tricked his way into our home’Published5 hours agoFeaturesThe Papers: ‘King’s strength’ and ‘agonising A&E waits’Scotland’s new hate crime law… in 90 seconds. VideoScotland’s new hate crime law… in 90 secondsWhy morning light is so crucial to your health. VideoWhy morning light is so crucial to your healthFree childcare hours expands to two-year-olds’Finding out I was autistic saved my life’A baby gorilla’s journey in search of a mum. VideoA baby gorilla’s journey in search of a mumIn pictures: Easter celebrations around the worldParents of Chibok girls heartbroken – againWhere workers are exploited to harvest an everyday ingredientElsewhere on the BBCThe ultimate bromanceEnjoy the genius of Peter Cook and Dudley Moore with a journey through the archivesAttributioniPlayerProfessor Alice Roberts unearths her favourite musicThe scientist and Digging for Britain presenter is Lauren Laverne’s castawayAttributionSoundsWhy did four tragic murders spark an online obsession?The case racked up nearly two billion views on TikTok worldwideAttributioniPlayerCaffeine: Dangers and benefitsFind out what effects this drug can have on dementia and cardiovascular diseaseAttributionSoundsMost Read1’Facebook scammer tricked his way into our home’2X Factor star says Cowell will walk her down aisle3Anti-Netanyahu protesters bring political splits back on show4’King’s strength’ and ‘agonising A&E waits’5Turkish opposition stuns Erdogan with local elections win6Millions get a pay rise as minimum wage increases7Move over beer – Germany decriminalises cannabis8Israeli troops pull out of Gaza hospital – witnesses9Energy bills lowest for two years after £238 fall10Stop stealing from Air Force One, journalists told [ad_1] The firm previously said SU7 pre-orders had hit 88,898 within 24 hours of it starting to take orders. 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newsinsightplus.com 10bn54836.The March 28, 2024 0 Comments BBC HomepageSkip to contentAccessibility HelpYour accountNotificationsHomeNewsSportWeatheriPlayerSoundsBitesizeMore menuMore menuSearch BBCHomeNewsSportWeatheriPlayerSoundsBitesizeCBBCCBeebiesFoodClose menuBBC NewsMenuHomeIsrael-Gaza warCost of LivingWar in UkraineClimateUKWorldBusinessPoliticsCultureMoreTechScienceHealthFamily & EducationIn PicturesNewsbeatBBC VerifyDisabilityBusinessMarket DataEconomyYour MoneyCompaniesTechnology of BusinessCEO SecretsArtificial IntelligenceXiaomi: the Chinese smartphone giant taking on TeslaPublished13 minutes agoShareclose panelShare pageCopy linkAbout sharingImage source, Getty ImagesImage caption, The SU7 is technology giant Xiaomi’s first electric carBy Mariko OiBusiness reporterChinese smartphone maker Xiaomi is set to launch its first electric vehicle (EV) and begin taking orders on Thursday.Its chief executive Lei Jun said this week that the Speed Ultra 7 (SU7) would be priced below 500,000 yuan ($69,186; £54,836).The move will see the technology giant taking on rivals like Tesla and BYD.Xiaomi’s entry into the electric car market comes as sales growth has slowed globally, triggering a price war.The firm is hoping that the SU7’s shared operating system with its phones, laptops and other devices will appeal to existing customers.Xiaomi is the third-largest seller of smartphones worldwide with a market share of about 12%, according to research firm Counterpoint.The SU7, which Xiaomi has been teasing since last year, has drawn comparisons to Porsche’s Taycan and Panamera sports car models.It will be made by a unit of state-owned car manufacturer BAIC Group at a plant in Beijing that can produce as many as 200,000 vehicles a year.”While getting this far is itself quite an achievement, the ultimate achievement would be to demonstrate that there is a consumer market for Xiaomi as a smart EVs brand,” Bill Russo of Automobility told the BBC.In an indication of the challenges facing technology firms who want to make electric cars, iPhone maker Apple last month reportedly cancelled its plans to build an EV.Mr Russo added that Xiaomi’s entry into the car market reflects its confidence “in the relevancy for their brand” in China while Apple did not see enough potential in the EV market outside of China.Xiaomi has said it will invest $10bn (£7.9bn) in its vehicles business over the next 10 years.”The Chinese EV market is very mature and creates a very stable ecosystem for the EV manufacturers,” said Abhishek Murali from research firm Rystad Energy. “For example, the battery supply chain is very strong, and the charging network in the country is also growing to meet the growing EV feed.” The launch of Xiaomi’s first car comes as a price war in China’s EV market has been intensifying.Tesla, which is headed by multi-billionaire Elon Musk, has cut the cost of its cars in China by thousands of dollars in recent months as local rivals like the world’s top-selling EV maker BYD have slashed prices.The world’s biggest car market is already crowded so Xiaomi is one of the few new prospective entrants to gain approval from authorities as officials try to curb a flood of new players.Earlier this week, BYD posted record annual profits but said growth had slowed towards the end of last year.Shanghai-based electric car maker Nio on Wednesday lowered its forecast for first quarter deliveries as consumers tightened spending as China’s economic growth weakens.American EV giant Tesla is due to announce its delivery numbers for the first three months of 2024 next week.At the same time, governments around the world are pushing back against imports of foreign-made EVs.On Tuesday, Beijing initiated dispute settlement proceedings against the US at the World Trade Organization to contest “discriminatory subsidies” under the US Inflation Reduction Act.Meanwhile, the European Union has launched an investigation into whether Chinese government subsidies have helped the country’s electric car makers undercut European-made models.Related TopicsInternational BusinessXiaomiElectric carsChina economyTop StoriesDivers recover bodies in Baltimore bridge collapse watersPublished4 hours agoPupil behaviour getting worse, say teachersPublished3 hours agoKing sends ‘hand of friendship’ recorded messagePublished5 hours agoFeaturesThe Papers: Sewage ‘outrage’ and ‘King calls for kindness’ The families borrowing to pay for careFather of three among Baltimore bridge victimsUS guns pour into Haiti, fuelling surge in violenceBill Nighy on playing an England manager with a differenceI’m not ashamed of who I am any more, says LionessWhy some Tory MPs are stepping downLost IRA film shows planting and detonation of bombAfter Moscow attack, migrants from Central Asia hit by backlashElsewhere on the BBCDid The Terminator predict the future correctly?!Beth Singler explores the creation and enduring influence of the film, 40 years after its releaseAttributionSoundsBlowing the lid on a baffling online scamPolly Weston’s determined to get to the bottom of the con involving a £138 dehumidifierAttributionSoundsCan you sort these monarchs into the correct order?Test your memory and reorder ten royal faces, from the earliest to the most recentAttributionBitesizeThe dressing room killing which shook wrestling’Villain of the ring’ Bruiser Brody’s extraordinary life, legend and deathAttributionSoundsMost Read1Gogglebox star, 40, dies after fall from height2Pupil behaviour getting worse, say teachers3Man seriously injured after stabbing on London train4France to sue teen over headscarf row claim5Son ‘numb’ as whole-life killer may be released6King sends ‘hand of friendship’ recorded message7Sewage ‘outrage’ and ‘King calls for kindness’8Divers recover bodies in Baltimore bridge collapse waters9Australia debates seizure of Insta-famous magpie10Girl, 10, left inoperable after surgery axed seven times [ad_1] Xiaomi’s entry into the electric car market comes as a price war has been intensifying. 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newsinsightplus.com 10bn54836.The March 28, 2024 0 Comments BBC HomepageSkip to contentAccessibility HelpYour accountNotificationsHomeNewsSportWeatheriPlayerSoundsBitesizeMore menuMore menuSearch BBCHomeNewsSportWeatheriPlayerSoundsBitesizeCBBCCBeebiesFoodClose menuBBC NewsMenuHomeIsrael-Gaza warCost of LivingWar in UkraineClimateUKWorldBusinessPoliticsCultureMoreTechScienceHealthFamily & EducationIn PicturesNewsbeatBBC VerifyDisabilityBusinessMarket DataEconomyYour MoneyCompaniesTechnology of BusinessCEO SecretsArtificial IntelligenceXiaomi: the Chinese smartphone giant taking on TeslaPublished13 minutes agoShareclose panelShare pageCopy linkAbout sharingImage source, Getty ImagesImage caption, The SU7 is technology giant Xiaomi’s first electric carBy Mariko OiBusiness reporterChinese smartphone maker Xiaomi is set to launch its first electric vehicle (EV) and begin taking orders on Thursday.Its chief executive Lei Jun said this week that the Speed Ultra 7 (SU7) would be priced below 500,000 yuan ($69,186; £54,836).The move will see the technology giant taking on rivals like Tesla and BYD.Xiaomi’s entry into the electric car market comes as sales growth has slowed globally, triggering a price war.The firm is hoping that the SU7’s shared operating system with its phones, laptops and other devices will appeal to existing customers.Xiaomi is the third-largest seller of smartphones worldwide with a market share of about 12%, according to research firm Counterpoint.The SU7, which Xiaomi has been teasing since last year, has drawn comparisons to Porsche’s Taycan and Panamera sports car models.It will be made by a unit of state-owned car manufacturer BAIC Group at a plant in Beijing that can produce as many as 200,000 vehicles a year.”While getting this far is itself quite an achievement, the ultimate achievement would be to demonstrate that there is a consumer market for Xiaomi as a smart EVs brand,” Bill Russo of Automobility told the BBC.In an indication of the challenges facing technology firms who want to make electric cars, iPhone maker Apple last month reportedly cancelled its plans to build an EV.Mr Russo added that Xiaomi’s entry into the car market reflects its confidence “in the relevancy for their brand” in China while Apple did not see enough potential in the EV market outside of China.Xiaomi has said it will invest $10bn (£7.9bn) in its vehicles business over the next 10 years.”The Chinese EV market is very mature and creates a very stable ecosystem for the EV manufacturers,” said Abhishek Murali from research firm Rystad Energy. “For example, the battery supply chain is very strong, and the charging network in the country is also growing to meet the growing EV feed.” The launch of Xiaomi’s first car comes as a price war in China’s EV market has been intensifying.Tesla, which is headed by multi-billionaire Elon Musk, has cut the cost of its cars in China by thousands of dollars in recent months as local rivals like the world’s top-selling EV maker BYD have slashed prices.The world’s biggest car market is already crowded so Xiaomi is one of the few new prospective entrants to gain approval from authorities as officials try to curb a flood of new players.Earlier this week, BYD posted record annual profits but said growth had slowed towards the end of last year.Shanghai-based electric car maker Nio on Wednesday lowered its forecast for first quarter deliveries as consumers tightened spending as China’s economic growth weakens.American EV giant Tesla is due to announce its delivery numbers for the first three months of 2024 next week.At the same time, governments around the world are pushing back against imports of foreign-made EVs.On Tuesday, Beijing initiated dispute settlement proceedings against the US at the World Trade Organization to contest “discriminatory subsidies” under the US Inflation Reduction Act.Meanwhile, the European Union has launched an investigation into whether Chinese government subsidies have helped the country’s electric car makers undercut European-made models.Related TopicsInternational BusinessXiaomiElectric carsChina economyTop StoriesDivers recover bodies in Baltimore bridge collapse watersPublished4 hours agoPupil behaviour getting worse, say teachersPublished3 hours agoKing sends ‘hand of friendship’ recorded messagePublished5 hours agoFeaturesThe Papers: Sewage ‘outrage’ and ‘King calls for kindness’ The families borrowing to pay for careFather of three among Baltimore bridge victimsUS guns pour into Haiti, fuelling surge in violenceBill Nighy on playing an England manager with a differenceI’m not ashamed of who I am any more, says LionessWhy some Tory MPs are stepping downLost IRA film shows planting and detonation of bombAfter Moscow attack, migrants from Central Asia hit by backlashElsewhere on the BBCDid The Terminator predict the future correctly?!Beth Singler explores the creation and enduring influence of the film, 40 years after its releaseAttributionSoundsBlowing the lid on a baffling online scamPolly Weston’s determined to get to the bottom of the con involving a £138 dehumidifierAttributionSoundsCan you sort these monarchs into the correct order?Test your memory and reorder ten royal faces, from the earliest to the most recentAttributionBitesizeThe dressing room killing which shook wrestling’Villain of the ring’ Bruiser Brody’s extraordinary life, legend and deathAttributionSoundsMost Read1Gogglebox star, 40, dies after fall from height2Pupil behaviour getting worse, say teachers3Man seriously injured after stabbing on London train4France to sue teen over headscarf row claim5Son ‘numb’ as whole-life killer may be released6King sends ‘hand of friendship’ recorded message7Sewage ‘outrage’ and ‘King calls for kindness’8Divers recover bodies in Baltimore bridge collapse waters9Australia debates seizure of Insta-famous magpie10Girl, 10, left inoperable after surgery axed seven times [ad_1] Xiaomi’s entry into the electric car market comes as a price war has been intensifying. Continue reading