Xiaomi Corporation Class B (HKEX:1810) saw shares slip after unveiling lower‑priced SkyNomad SUVs that raised margin concerns even as the company repurchased 1.7M Type B shares for HK$50M, raised select phone prices and prepares to launch the Redmi Note 17 in India.Previous Week RecapThis is an AI…
Xiaomi has raised the prices of several phone models on its official store, including the Xiaomi 17 series, which is now 300 yuan to 500 yuan per unit higher, and the REDMI K90 and Turbo 5 series, which are up 300 yuan per unit, according to Jiemian News. The price increases appeared on Xiaomi Mall…
China's auto industry may be facing a capacity problem, but the pressure appears to be concentrated in gasoline-powered vehicles rather than electric cars. Conventional vehicles represented 99% of China's auto sales in 2016, but that share fell to 36% in May as consumers shifted toward battery-elec…
Xiaomi Corporation Class B (HKEX:1810) said June EV deliveries topped 30,000, as the company repurchased 4.5M Class B shares for HK$97.4M — even as teardowns flagged new EVs using aluminum wiring instead of copper and Xiaomi did not comment.Previous Week Recap This is an AI-generated su…
By Aditya Kalra, Arpan Chaturvedi and Munsif VengattilThe world's biggest internet domain seller, GoDaddy, has warned that India's crackdown on fake websites impersonating famous brands will make the internet less safe for legitimate businesses and carry global ramifications.Soaring smartphone and…
By Kimberley KaoChinese electric-vehicle makers reported mostly higher sales last month as overseas demand helped offset a softer domestic market.BYD remained the top seller, with deliveries rising 5.5% to 403,472 units in June, its second month of increased sales. The company exported 175,349 new…
Chinese electric vehicle maker BYD SZSE:002594 posted a second consecutive month of global sales growth in June, as a surge in exports helped offset weak demand in its home market.Total sales rose 5.5% from a year earlier to 403,472 vehicles last month, according to Reuters calculations based on a…
Xiaomi Corp HKEX:1810:
Xiaomi Class B (1810) repurchased 4.5M Class B shares on June 30 for HK$97.4M, per HKEX filing—shares bought, date and total cost disclosed.Xiaomi Corp Class B (1810) uses aluminum
The spike in copper prices to a record high earlier this year has added weight to arguments for switching from copper to cheaper and lighter aluminium in a range of sectors.Here are the factors involved in the decision and some companies that have moved to substitute aluminium for copper.WHY DO COM…
By Eric Onstad, Amy Lv, Ju-min Park and Kalea HallFerrari and BMW are rolling out new models featuring lightweight, cost-effective aluminium wiring, accelerating a shift away from copper, the dominant material in electric wiring since the invention of the electric battery two centuries ago.The deci…
Chinese memory chipmaker ChangXin Memory Technologies (CXMT) has signed a long-term supply agreement with Tencent Holdings HKEX:700 worth more than 20 billion yuan ($2.94 billion) ahead of its blockbuster stock market debut, according to three people with knowledge of the matter.The agreement cover…
