It is a daily ritual for millions of Australians, but if you have noticed the price of your morning flat white or soy latte increase, brace yourself — it is likely to get worse.
By the end of the year,...
It is a daily ritual for millions of Australians, but if you have noticed the price of your morning flat white or soy latte increase, brace yourself — it is likely to get worse.
By the end of the year,...
Nio, a Chinese electric car company, is expanding its battery swap partnerships. It has teamed up with several automakers and battery companies to develop standardized battery swap systems and increase the availability of swap stations in China. This initiative aims to address range anxiety for electric vehicle drivers and create faster and more convenient charging options. However, profitability for swap stations is still a challenge, as Nio has acknowledged that only a small fraction of its current stations are breaking even.
Xiaomi's SU7 electric car has sparked excitement in China, with its low price and long range challenging Tesla's Model 3. Xiaomi's shares surged upon its launch, and wait times for the SU7 are now five months. Other Chinese EV makers like Xpeng, Nio, and Li Auto have recently cut delivery forecasts, while BYD remains the industry leader. The growing competition and slowing new energy vehicle growth indicate a highly competitive Chinese electric car market.
