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Top related persons:
Weibing Lu - 3 Xiaomi - 2 Li Auto - 2 Lei - 1 Lei Jun - 1 Tesla - 1 Morgan Stanley - 1 Nio - 1
Top related locs:
China Xiaomi Hefei Anhui Province Hong Kong Shanghai U.S Europe
Top related orgs:
Xiaomi - 2 CNBC - 2 Apple - 2 Huawei - 2 Weibo - 1 stoke - 1 EV - 1 Friday - 1

Search resuls for: "Weibing Lu"


3 mentions found


☆ China's Xiaomi will price its Tesla EV rival under $69,400, CEO says ahead of Thursday launch
  + stars: | 2024-03-25 | by ( Arjun Kharpal | ) www.cnbc.com   time to read: +2 min
On Thursday, Xiaomi will officially launch the SU7 electric vehicle and begin taking orders. Xiaomi CEO Lei Jun on Monday teased the price of the Chinese firm's first electric vehicle ahead of its official launch this week. Xiaomi Group President Weibing Lu told CNBC previously that the company is targeting the premium segment of the electric car market. The EV market is in the midst of a price war which was sparked by Tesla at the end of 2022. "Three years ago, I announced that Xiaomi was going to enter the EV market.
Persons: Xiaomi, Lei, Lei Jun, Weibing Lu, Li Auto, Tesla Organizations: Weibo, Xiaomi, CNBC, stoke, EV Locations: Hefei, Anhui Province, China, Xiaomi
☆ The best EV plays are now in China. Analysts are raising price targets on this stock
  + stars: | 2024-03-03 | by ( Evelyn Cheng | ) www.cnbc.com   time to read: +5 min
With Apple reportedly out of the electric car game and Tesla losing market share in some Chinese cities, the best EV stock plays are arguably now all based in China. Li Auto 's market share waned, and Morgan Stanley analysts are watching whether there will be a boost from new models. "Following our upgrade earlier this month, Li Auto delivered impressive earnings/guidance, further cementing its position as a top-tier China OEM," Deutsche Bank analysts said in a late February report. Li Auto management said they expect gross margin to fluctuate between 10% and 25%, but generally remain above 20%. But even with its premium pricing the company isn't immune from intense competition in China's electric car market.
Persons: Morgan Stanley, Nio, BYD, Li Auto, Li, Li Auto's, Weibing Lu, Xi Jinping, — CNBC's Michael Bloom Organizations: Apple, Friday, China, Deutsche Bank, Li Auto, Bank of America Securities, Huawei, Forseven, CYVN Holdings Locations: China, Hong Kong, Shanghai, U.S, Europe, Japan, East, Central Asia, Abu Dhabi, Norway
☆ Xiaomi bets big on its new electric vehicle — targets 20 million premium users
  + stars: | 2024-02-26 | by ( Evelyn Cheng | ) www.cnbc.com   time to read: +5 min
Chinese consumer electronics company Xiaomi revealed Thurs., Dec. 28, 2023, its long-awaited electric car, but declined to share its price or specific release date. Xiaomi revealed its SU7 electric car in China in late December but has yet to announce a specific price. Building on its tech capabilities as a telecommunications and smartphone company, Huawei has swiftly become a player in China's electric car market. Apple has yet to formally enter the electric car market despite reports it has been working on one. But the system is due for rollout in the coming months to appliances and the forthcoming car, Lu said.
Persons: Xiaomi, Evelyn Cheng, it's, Weibing Lu, Lu, That's, Lu Xiaomi Organizations: CNBC, Mobile, Apple, Samsung, Porsche –, Huawei, Baic Group, Xiaomi Locations: Evelyn Cheng BEIJING, China, Barcelona, Beijing, Xiaomi, Canalys
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