To meet the growing energy demand in India and facilitate the transition to clean energy in India, Indian Oil and Panasonic have entered a pact …

The new rules are also expected to provide USD 13 billion in annualised net benefits to society.

Waiting period for Xiaomi SU7 Pro model is 18-21 weeks, while that for SU7 Max model is 27-30 weeks.

Tesla has been slow to refresh its aging models while high interest rates have sapped consumer appetite for big-ticket items.

Tesla’s Model 3 starts at 245,900 yuan in China while the Xiaomi SU7 is 30,000 yuan cheaper than it.

BYD has stepped into the global spotlight since it dethroned Tesla to become the leader in the EV space.

Analysts have estimated that the Xiaomi SU7 will be priced at USD 27,668.26 to USD 41,502.39 or above.

VinFast enters the market at a time when Chinese EV brands such as BYD and Great Wall Motor are selling strongly in Thailand.

The cons of such rigorous discounting is that BYD is suffering in terms of its domestic profit margins.

Cash-strapped startup Fisker has been left to search for strategic options including in- or out-of-court restructurings.