
Xiaomi SU7 to Shine at EV & Mobility Show Saudi Arabia 2025 - Middle East Business News and Information
Event Date: 4 to 6 May 2025
Venue: Riyadh Front Exhibitions and Convention Centre About the Xiaomi SU7
Boldly entering the EV arena, Xiaomi Technology unveils the SU7—a next-generation electric sedan that blends intelligent driving capabilities with sleek design and high-end connectivity. The SU7 encapsulates Xiaomi's vision of future-ready mobility powered by innovation and smart technology. What to Expect at EVS Saudi Arabia 2025
First-Hand Experience – See the Xiaomi SU7 up close and explore its seamless integration of technology, design, and performance.
Tech Highlights – Learn about SU7's advanced intelligent systems, luxurious detailing, and high-performance features.
Immersive Display – Discover how Xiaomi redefines driving with its powerful entry into electric mobility. Why Attend EVS Saudi Arabia 2025 Witness cutting-edge EV innovations
Meet and network with mobility pioneers and global leaders
Explore investment opportunities and future collaborations Visitor Registration
Secure your spot and be part of the region's most influential EV & Mobility platform.
Visitor Registration Exhibit With Us
Showcase your brand alongside industry giants like Xiaomi.
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See - Sada Elbalad
18-07-2025
- See - Sada Elbalad
US Slams Chinese Graphite Imports with 93.5% Preliminary Anti-Dumping Tariff
Taarek Refaat The U.S. Department of Commerce has imposed a preliminary anti-dumping duty of 93.5% on graphite imports from China, a move that could significantly disrupt electric vehicle (EV) supply chains and escalate trade tensions in the global battery sector. The decision comes after a petition filed in December by the U.S. Active Anode Material Producers Coalition, which alleged that Chinese manufacturers were selling graphite at unfairly subsidized prices. When combined with existing duties, the total effective tariff could reach 160%, according to the coalition. The ruling targets graphite, a critical raw material used in the anodes of lithium-ion batteries, which power everything from EVs to grid-scale energy storage systems. The decision is likely to ripple across the already strained global EV supply chain. Beijing has imposed its own export restrictions on several key battery-related materials and technologies in recent months, amplifying the geopolitical and commercial stakes. Shares of North American graphite producers surged in response, while battery suppliers saw their stocks fall. The Department of Commerce will issue a final decision by December 5. 'The Commerce Department's ruling confirms that China has been dumping active anode materials (AAM) into the U.S. at unfair prices,' said Eric Olson, spokesperson for the producers' coalition. Executives at Tesla and its battery partner Panasonic had lobbied against the tariffs, arguing that domestic production capacity and quality are insufficient to meet current demand. Tesla's stock dipped 0.7% following the announcement. Sam Adham, head of battery materials at consultancy CRU Group, warned that the tariff could add up to $7 per kilowatt-hour to EV battery costs—effectively erasing up to 20% of tax incentives under the Inflation Reduction Act, which remains in place under President Trump's 2025 budget. 'Such cost hikes could wipe out an entire quarter's profit for some Korean battery manufacturers,' Adham noted. China currently controls the majority of global graphite processing capacity. The International Energy Agency (IEA) has named graphite as one of the most supply chain-vulnerable materials, urging a diversification of sources in a May 2025 report. The U.S. imported approximately 180,000 metric tons of graphite in 2024, with two-thirds sourced from China, according to BloombergNEF. The IEA forecasts that graphite will remain the dominant anode material in lithium-ion batteries at least through 2030, despite early signs of silicon adoption. The tariff announcement was welcomed by domestic producers. Westwater Resources, which is building a graphite processing plant in Alabama, called the decision 'a catalyst for accelerating U.S. production.' The company, which has supply agreements with Stellantis and South Korea's SK On, operates a pilot facility producing 12,500 metric tons annually, with plans to scale to 50,000 tons per year by 2028. Westwater's stock jumped 15% on Thursday. Canadian firms Nouveau Monde and Northern Graphite also saw shares climb following the announcement. Analysts at Roth Capital Partners warned the tariffs could reshape the cost structure of battery firms such as Fluence Energy and Enphase Energy, whose shares fell 0.4% and 0.7% respectively. While tax credits for energy storage projects remain intact under Trump's 2025 budget, Treasury Department rules restricting the use of Chinese cells are complicating compliance, potentially slowing down energy transition projects. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Arts & Culture South Korean Actress Kang Seo-ha Dies at 31 after Cancer Battle News "Tensions Escalate: Iran Probes Allegations of Indian Tech Collaboration with Israeli Intelligence" News Flights suspended at Port Sudan Airport after Drone Attacks Arts & Culture Hawass Foundation Launches 1st Course to Teach Ancient Egyptian Language Sports Get to Know 2025 WWE Evolution Results


Egypt Independent
05-07-2025
- Egypt Independent
Why Tesla's Cybertruck has been such a flop
New York CNN — Despite Elon Musk's bold predictions, the Cybertruck is, officially, a flop. Tesla is deliberately opaque about its sales numbers on specific models, so you have to squint to get a sense of just how badly the company's unique pickup truck is performing in the real world. But we definitely have some idea. Here's what we know, based on Tesla's deliveries (a proxy for sales) released this week: The EV maker delivered about 384,000 vehicles in total, world-wide, between April and June this year — a record 13.5 percent decline from a year earlier. Zoom in, and it gets uglier for Tesla. Tesla doesn't break out sales of the Cybertruck, one of its premium models that Musk says was inspired by the dystopian movie 'Blade Runner.' It discloses just two categories — the Model 3 and Y in one category and, in the second, 'other models,' which is almost entirely the company's legacy Model S sedan, the Model X SUV and the Cybertruck. The company said it delivered about 10,400 'other' models in the second quarter, which itself is a huge problem for Tesla. In the same quarter last year, Tesla sold more than 21,500 'other' models. It's hard to think of another word for a 52 percent decline other than a collapse. How many of those 'others' are Cybertrucks, and how many are the Model S or X? That's not entirely clear. But let's look at the first three months of this year. Tesla sold about 12,900 'other' models, of which 7,100 were Cybertrucks, according to registration data from S&P Global Mobility. So a bit more than half. It'd be safe to estimate, then, that Tesla likely sold something in the ballpark of 5,000-6,000 Cybertrucks in the second quarter if consumer trends held steady. It might even be getting marginally outsold by the F-150 Lightning and GM's electric pickups, rivals whose sales are also falling but weren't nearly as hyped as Musk's brainchild. The company didn't respond to a request for comment. But even in a hypothetical world where all of those 10,400 deliveries in the second quarter were Cybertrucks, Tesla would still be massively underperforming the expectations set by Musk, who told investors two years ago that he expected Tesla to be churning out 250,000 a year by 2025. We're halfway through the year, and Tesla has barely hit a fraction of that. Cybertruck sales have faced a number of challenges: Its $80,000-$100,000 price tag. The imminent erasure of EV tax credits. Its oddball design. Repeated recalls, including one for an exterior steel panel falling off while the truck is moving. The roughly 200-mile real-world range reported by owners, rather than the 500-mile range that was initially promised. The lack of the initially-promised range extender, which quietly disappeared. The vehicle's intractable affiliation with the world's wealthiest wannabe-oligarch. The 7,000-pound car has become a symbol of the MAGA right wing and a target of vandalism. Will the Cybertruck's shortcomings sink Tesla? Probably not. But the stumble has become a reflection of the company's broader turmoil. The electric truck faces serious competition from the likes of Rivian, Ford and GM. Chinese rivals are eating into Tesla's market share in key markets overseas, particularly Europe and China. Tesla is on the verge of losing its title as the world's largest EV maker by annual sales to Chinese automaker BYD. This week, BYD — which isn't allowed in the US market — reported 1 million electric vehicles sold in the first half of this year, putting it far ahead of Tesla's year-to-date total of about 721,000. The Tesla faithful on Wall Street are still all-in on Musk, whom they see as a visionary and, perhaps more to the point, a showman who has made them rich. Tesla's stock (TSLA) is down about 17 percent this year, but it's up nearly 300 percent over the last five years. For the ride-or-die bulls, it may not matter that Musk's MAGA turn has clobbered the company's core business of selling cars because he has convinced them that Tesla's future lies in an AI-powered, driverless utopia. And it's Musk's history of promises that have driven that meteoric share price increase, and, accordingly, Musk's personal wealth. But Musk's promises and predictions routinely come up short. His Cybertruck is only the latest example. This story has been updated from the version that was published in the Nightcap newsletter with additional context.


Daily News Egypt
30-06-2025
- Daily News Egypt
Al Safy Group invests $80m to expand factory in 6th of October City
Al Safy Group is investing $80m to expand its factory in 6th of October City, aiming to increase production capacity and meet rising demand for its high-tech product lines. Global tech giant Xiaomi has chosen the facility to manufacture its smartphones and smart screens—reflecting confidence in Al Safy's industrial capabilities and Egypt's growing competitiveness in the technology sector. Through this strategic partnership, Xiaomi is not only producing its devices in Egypt but also contributing to the country's technological advancement, leveraging Egypt's strategic location and ambitions as a regional hub. Utilising one of the most advanced manufacturing infrastructures in the Middle East and Africa, Xiaomi is integrating global expertise with Egyptian efficiency at the Al Safy factory to produce a range of smart devices. Diaa El Shaarawy, Chief Operating Officer of Al Safy Group, stated: 'Our factory is aligned with the latest global manufacturing technologies through advanced infrastructure and diverse production lines. It currently operates 25 specialised lines, 19 of which are dedicated to Xiaomi. These include six lines for television screens with an annual capacity of 500,000 units, and 12 lines for smartphones with an annual output of up to 3 million units. We also operate a packaging line and are adding new lines for smartwatches, routers, advanced cameras, and headphones—further diversifying our production and responding to growing market needs.' Islam Adel, General Manager of the Al Safy factory, said: 'Al Safy not only keeps pace with global manufacturing standards—it surpasses them in many areas. We adhere to rigorous international quality benchmarks, supported by ORT labs for durability testing, precision testing of components and final products, and compliance with ISO certifications 9001, 14001, and 45001. These all reflect our commitment to excellence.' As Xiaomi's primary manufacturing partner in Egypt and the wider region, Al Safy produces smartphones and smart screens to the same quality standards as those manufactured in China. According to Adel, this localisation strategy has reduced import costs, enhanced the competitiveness of Egyptian-made tech products, and opened up new export markets across Africa and the Arab world through Egypt's trade agreements. Al Safy Group aims to position its facility as a regional industrial hub, capitalising on Egypt's strategic geographic location and broad network of preferential trade agreements. The group continues to increase its investments and expand production lines—reinforcing Egypt's role as a rising force in electronics manufacturing and advanced industries in the region.