Analysts have estimated that the Xiaomi SU7 will be priced at USD 27,668.26 to USD 41,502.39 or above.
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VinFast enters the market at a time when Chinese EV brands such as BYD and Great Wall Motor are selling strongly in Thailand.
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The cons of such rigorous discounting is that BYD is suffering in terms of its domestic profit margins.
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Cash-strapped startup Fisker has been left to search for strategic options including in- or out-of-court restructurings.
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For March, total new-vehicle sales, including retail and non-retail transactions, are expected to jump 12.1% from a year ago.
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INDUSTRY NEWSLatest News
Softer climate regulation to have negligible impact on larger goal: Joe Biden
Half of US’ greenhouse gas emissions are emitted by the transport and power sectors together.
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The EPA said that the new rules will help cut fleetwide tailpipe emissions by 50% over 2026 levels.
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INDUSTRY NEWSLatest News
Fisker faces production pause and funding drive amid cash crunch
by Biplab Dasby Biplab DasIn order to offset its financial issues, Fisker plans to put up senior secured convertible notes with 10% original issue discount intending to collect up …
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Xiaomi first flagged its interest to enter the EV market in 2021 as it had been seeking to diversify beyond its core business.
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BYD Seal has been made available in three variants at a starting price of INR 41 lakh, going up to INR 53 lakh (ex-showroom).