Xiaomi SU7 EV launch propels market value by $4 billion, near GM and Ford
BEIJING — Shares of China’s Xiaomi surged as much as 16% on Tuesday as the electronics maker’s sporty electric vehicle launched last week drew strong interest, though a brokerage forecast the firm would lose nearly $10,000 per car this year. The stock touched its highest since January 2022 on the first day of trading since […]
Ford Explorer EV hits the market in Europe after battery pack delay
Took a little longer than planned, but Ford says its new EU-market Explorer EV is better for the delay. Ford of Europe borrowed Volkswagen’s MEB platform to create a battery-electric SUV by Europeans, for Europeans. Planned to hit the market there in later 2023, the holdup was either caused by changes to the U.N.’s battery […]