Latest news with #BYD
Hindustan Times
an hour ago
- Automotive
- Hindustan Times
Xiaomi's YU7 SUV launched internationally, gathers over 2,40,000 bookings. Check details
The Xiaomi YU7 has been launched in China at RMB 253,000 (approximately ₹30.26 lakh). Check Offers Xiaomi has expanded its electric vehicle portfolio with the launch of its all-new YU7 electric SUV in China, priced from RMB 253,000 (approximately ₹ 30.26 lakh). Following the success of its debut EV, the SU7 sedan, the YU7 is Xiaomi's second foray into the automotive space and comes loaded with technology, performance, and customisation options. In a strong show of market demand, Xiaomi confirmed that over 240,000 pre-orders were placed within the first 18 hours of launch, reinforcing the brand's growing presence in China's EV segment. The YU7 also arrives with a price advantage, undercutting the Tesla Model Y by nearly 4 per cent in the region. Xiaomi YU7: Variants and performance Xiaomi is offering the YU7 in three variants: Standard (RWD), Pro (AWD), and Max (AWD with performance upgrades). Powering the top-spec Max is Xiaomi's HyperEngine V6s Plus, featuring a silicon carbide-based powertrain that delivers 690 bhp and a top speed of 253 kmph. The base Standard version produces 315 bhp and offers an impressive range of up to 835 km (CLTC), while the Pro variant puts out 489 bhp and offers a range of up to 770 km. Acceleration from 0 to 100 kmph is achieved in as little as 2.98 seconds in the Max variant. All variants support ultra-fast charging, with the battery able to charge from 10 per cent to 80 per cent in just 12 minutes or gain 620 km of range in 15 minutes. Also watch: Xiaomi SU7 electric car makes India debut: Will the Tesla, BYD rival launch here? Xiaomi YU7: Design and colour options Styled as a low-slung performance SUV, the YU7 features a widebody stance and muscular rear. Buyers can choose from nine exterior colours, including Basalt Grey, Emerald Green, Dusk Purple, and Dawn Pink. Wheel options range from 19-inch long-range alloys to 21-inch performance wheels. The 21-inch offerings include Phantom wheels with Michelin Primacy 5 Energy tyres for a 750 km range, and two sporty forged designs (Floral and Petal) with Michelin Pilot Sport tyres delivering a 670 km range. Floating Xiaomi logo centre caps and coloured four-piston Brembo callipers (in red or yellow) add to the premium, custom feel. Also Read : Tesla in trouble: Xiaomi SU7 outsells Model 3 in this country, YU7 gunning for Model Y Xiaomi YU7: Interior and features Inside, the YU7's cabin features several dual-tone upholstery options such as Pine Grey, Coral Orange, and Iris Purple. The front seats offer a 10-point massage function and a zero-gravity recline, while the rear seats can recline up to 135 degrees. The SUV is packed with high-tech features, including a 16.1-inch centre touchscreen, a smart-dimming panoramic sunroof, a HyperVision Mini LED panoramic display, and a mic-free karaoke system. It also supports the XiaoAI voice assistant and comes with an integrated 27W power outlet for electronic accessories. Unique to the YU7 is a 4K gimbal camera integrated into the IRVM and an AI spatial sensor. Rear passengers can also mount the Xiaomi Pad 7S Pro, while the roof rails provide a 100W power output, dual USB-C ports, and projector connectivity. A 25-speaker surround sound system and a 4.6-litre onboard fridge round out the luxurious feature list. Apple users benefit from special connected car features too, with the iPhone's Action Button configurable for lock/unlock functions and shortcut integration via the Control Centre. The Xiaomi EV App provides real-time updates via the "Alive Status" interface. Also Read : Did autopilot fail? Xiaomi SU7 crash kills three, founder pledges full cooperation Xiaomi YU7: Technology and comfort Xiaomi's Smart Chassis system governs ride quality using a double wishbone front and five-link independent rear suspension setup. The inclusion of dual-chamber air springs, adaptive dampers, and Brembo brakes helps deliver a premium and planted driving experience. A standout feature is the "Motion Sickness Relief Mode," developed in collaboration with Huashan and Beijing Tongren Hospitals. The system continuously adjusts pitch, roll, and suspension dynamics to reduce motion sickness. According to Xiaomi, internal testing showed a 51% reduction in symptoms and a 16% delay in onset. Check out Upcoming EV Cars in India. First Published Date: 28 Jun 2025, 08:30 AM IST
Yahoo
5 hours ago
- Automotive
- Yahoo
Astonishing new data reveals rapidly changing attitude toward Tesla vehicles — here's what you need to know
A once-dominant Tesla has endured a rocky sales year in 2025, and new data out of Europe hints at a sustained slump, per Reuters. For years, Tesla functionally represented the entire EV market worldwide — while it never reached "generic trademark" status like Kleenex or Xerox, its name was nearly interchangeable with "electric vehicle." As the embattled automaker struggled to regain its foothold and EV competitors surged, the brand scrambled to reignite interest in Tesla's fleet. Based on new data, that hasn't gotten the brand back into the good graces of European drivers. Tesla May sales plummeted a staggering 27.9% in Europe, compared to the company's sales the previous year. That statistic alone is troubling for the brand's fortunes — more so considering that "fully-electric vehicle sales in the region jumped 27.2%" in the same period. Overall, Tesla sales in Europe have declined steadily over the past five months. Reuters attributed the sustained sales slump to CEO Elon Musk's controversial actions and statements, as well as robust competition and more affordable offerings from innovative Chinese EV makers. Per CNBC, Chinese automaker BYD "registered nearly as many vehicles as Tesla in May after outselling Musk's company for the first time in April." Consequently, Tesla's stock has fallen 18% to date in 2025. There's no question that sales figures are a pain point for Tesla right now, as the brand continues to try and entice new customers with novel incentives — and surprisingly, China is one EV market where the brand has been met with less resistance. Although Tesla's woes have had an unfortunate impact on drivers looking to sell their cars, the market for used Teslas could be more favorable for those looking to make their next car an EV. Electric vehicles remain a huge money saver in terms of gas, and coupled with solar panels, an EV can bring energy costs down significantly. Installing home solar drastically reduces the cost to own and operate an EV. Solar energy is clean, abundant, and extremely affordable, reducing reliance on the grid and pricier public charging stations. EnergySage provides potential solar customers with competitive quotes from vetted local installers, and can save consumers up to $10,000 on new installations. New solar installations are an investment, and there are options for those who want to save on clean energy without a sizeable upfront outlay. Palmetto's LightReach solar leasing program requires no money down, enabling solar customers to take advantage of the technology with fewer barriers and to lock in lower energy costs. If you were going to purchase an EV, which of these factors would be most important to you? Cost Battery range Power and speed The way it looks Click your choice to see results and speak your mind. Join our free newsletter for good news and useful tips, and don't miss this cool list of easy ways to help yourself while helping the planet.
Business Times
5 hours ago
- Automotive
- Business Times
Hong Kong's sixfold jump in share sales drives boom year in Asia
[HONG KONG] Hong Kong's having a banner year as it marches towards becoming the second-largest market globally for share sales for the first time since 2012. Proceeds from listings and additional share sales in the Asian financial hub in the first half have reached about US$33 billion, poised for a sixfold jump from a year ago, according to data compiled by Bloomberg. Offerings from electric carmakers BYD and Xiaomi raised the most, followed by Contemporary Amperex Technology Co (CATL), which had the world's biggest new listing this year. Investors have brushed aside tariffs and geopolitical concerns as deals flooded in Hong Kong – including three of the four biggest stock offerings in the world in 2025. Equity strategists remain upbeat about local stocks after the Hang Seng became one of the world's best-performing indexes this year. And with the throng of companies lining up with billion-dollar offerings, it's shaping up to be a good year for investment bankers in the city. 'We're seeing a lot more comfort from global investors around the global and regional macro picture, which is leading them to reassess and increase their exposure to the region including to Hong Kong and mainland China,' said Sunil Dhupelia, co-head of Asia Pacific ECM at JPMorgan Chase. 'Assuming that markets remain stable, it's likely to be very busy in the second half of the year.' Chinese companies that already have shares trading in Shenzhen or Shanghai have been flocking to Hong Kong for additional listings. Those so-called A-H deals accounted for about three-quarters of Hong Kong's total proceeds of US$13.4 billion from first-time share sales in 2025, according to data compiled by Bloomberg. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up The biggest one was the US$5.2 billion offering by battery-giant CATL, which forged ahead with its Hong Kong listing in May despite being caught up in US-China tensions. The high-profile deal's success shows industry leaders are still able to find global buyers even in an unfavorable environment. Hong Kong listing proceeds are poised to double to a four-year high of more than US$22 billion, according to Bloomberg Intelligence. Big deals to look forward to later this year include those of electric carmaker Seres Group, heavy-machinery maker Sany Heavy Industry and pig breeder Muyuan Foods. Hong Kong Exchanges & Clearing, which is celebrating its 25th anniversary, is so fired up about the surge in business that it's parading the iconic gong used to introduce new listings in an unprecedented two-week public tour via a 'gongmobile'. Hong Kong is leading share sales overall in all of Asia-Pacific, where first-half proceeds have climbed almost 30 per cent to about US$100 billion in 2025, according to data compiled by Bloomberg. In India, which led the region in share sales last year, total proceeds stand at about US$20 billion, on track for a drop of more than 20 per cent in the first half, after a stock-market rout led to a slow start. Despite underperforming regional peers, the benchmark Nifty 50 Index has rallied as of late and is on track to post its best quarterly gain in more than a year. That optimism is spilling over to deals, with HDB Financial Services' US$1.5 billion initial public offering (IPO), and Tata Capital's soon-to-come US$2 billion IPO. Elsewhere, the US$4 billion chunk of Japan Post Bank Co sold by its parent and JX Advanced Metals' IPO helped share sale proceeds in Japan rise to US$13.7 billion, on course for a 30 per cent increase, though the pace of deals slowed during the second quarter, according to data compiled by Bloomberg. In South Korea, the recent presidential election ended of months of leadership vacuum, revitalising the Kospi and making it one of the region's best-performing indexes. That's encouraging more companies to pursue listings, such as Baby Shark-creator Pinkfong, the company behind the most watched YouTube video of all time. While geopolitical tensions are bound to continue to complicate decisions for corporate issuers and investors for months to come, Asia is on track to cap a great year of deals. 'We don't expect issuance activity to be slowing,' said Rob Chan, head of Asia ECM syndicate at Citigroup. 'In fact, despite all the uncertainties driven by tariffs and geopolitical tensions in recent months, issuance activity has been very strong.' Going forward, expect to see deals in Hong Kong from companies that mainly rely on Chinese domestic consumption because they are best shielded from tariff effects and geopolitics, according to Christine Xu, the partner in charge of Chinese ECM transactions at the Linklaters law firm. 'Enough water has gone under the bridge around the tariffs, and the market has taken that in its stride,' said JPMorgan's Dhupelia. 'Looking at the rest of the year, the ongoing complex global geopolitical situation is the clear risk that could change the direction of markets.' BLOOMBERG
Yahoo
6 hours ago
- Automotive
- Yahoo
Astonishing new data reveals rapidly changing attitude toward Tesla vehicles — here's what you need to know
A once-dominant Tesla has endured a rocky sales year in 2025, and new data out of Europe hints at a sustained slump, per Reuters. For years, Tesla functionally represented the entire EV market worldwide — while it never reached "generic trademark" status like Kleenex or Xerox, its name was nearly interchangeable with "electric vehicle." As the embattled automaker struggled to regain its foothold and EV competitors surged, the brand scrambled to reignite interest in Tesla's fleet. Based on new data, that hasn't gotten the brand back into the good graces of European drivers. Tesla May sales plummeted a staggering 27.9% in Europe, compared to the company's sales the previous year. That statistic alone is troubling for the brand's fortunes — more so considering that "fully-electric vehicle sales in the region jumped 27.2%" in the same period. Overall, Tesla sales in Europe have declined steadily over the past five months. Reuters attributed the sustained sales slump to CEO Elon Musk's controversial actions and statements, as well as robust competition and more affordable offerings from innovative Chinese EV makers. Per CNBC, Chinese automaker BYD "registered nearly as many vehicles as Tesla in May after outselling Musk's company for the first time in April." Consequently, Tesla's stock has fallen 18% to date in 2025. There's no question that sales figures are a pain point for Tesla right now, as the brand continues to try and entice new customers with novel incentives — and surprisingly, China is one EV market where the brand has been met with less resistance. Although Tesla's woes have had an unfortunate impact on drivers looking to sell their cars, the market for used Teslas could be more favorable for those looking to make their next car an EV. Electric vehicles remain a huge money saver in terms of gas, and coupled with solar panels, an EV can bring energy costs down significantly. Installing home solar drastically reduces the cost to own and operate an EV. Solar energy is clean, abundant, and extremely affordable, reducing reliance on the grid and pricier public charging stations. EnergySage provides potential solar customers with competitive quotes from vetted local installers, and can save consumers up to $10,000 on new installations. New solar installations are an investment, and there are options for those who want to save on clean energy without a sizeable upfront outlay. Palmetto's LightReach solar leasing program requires no money down, enabling solar customers to take advantage of the technology with fewer barriers and to lock in lower energy costs. If you were going to purchase an EV, which of these factors would be most important to you? Cost Battery range Power and speed The way it looks Click your choice to see results and speak your mind. Join our free newsletter for good news and useful tips, and don't miss this cool list of easy ways to help yourself while helping the planet. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
7 hours ago
- Automotive
- Bloomberg
Hong Kong's Sixfold Jump in Share Sales Drives Boom Year in Asia
Hong Kong's having a banner year as it marches toward becoming the second-largest market globally for share sales for the first time since 2012. Proceeds from listings and additional share sales in the Asian financial hub in the first half have reached about $33 billion, poised for a sixfold jump from a year ago, according to data compiled by Bloomberg. Offerings from electric carmakers BYD Co. and Xiaomi Corp. raised the most, followed by Contemporary Amperex Technology Co. Ltd., which had the world's biggest new listing this year.
