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☆ Xiaomi's SU7, the EV that has US auto bosses talking, is smashing sales targets
▼ + stars: | 2024-11-19 | by ( Tom Carter | ) www.businessinsider.com time to read: +2 min

The SU7 EV has proven a hit in China, and even attracted praise from Ford CEO Jim Farley. The tech giant said it surpassed its 100,000 annual sales target for the SU7 by November. Xiaomi's SU7 has got the whole auto world talking, and the smart EV is flying off the shelves in China, passing its annual sales goal with over a month to spare. AdvertisementElon Musk's company reported slipping sales in China in October, even as rivals like BYD, Xpeng, and Zeekr tout booming sales. Xiaomi's smartphone business, meanwhile, grew by 3.1% in the third quarter of 2024, slightly behind Apple's estimated 3.5% growth in the same period.

Persons: Jim Farley, Xiaomi's SU7, Xiaomi Organizations: Apple, Revenue, EV, Ford, Elon Musk's, Business Locations: China

☆ Xiaomi Q3 revenue soars 30.5% as sales of its first electric car surge
▼ + stars: | 2024-11-18 | by ( ) www.cnbc.com time to read: +1 min

GUANGZHOU, CHINA - NOVEMBER 15, 2024 - Visitors view a Xiaomi SU7 Ultra new energy vehicle at 2024 Guangzhou Auto Show in Guangzhou, South China's Guangdong province, Nov 15, 2024. Revenue came in at 92.5 billion yuan ($12.77 billion) for the quarter ended Sept. 30, beating an LSEG consensus estimate from 15 analysts of 91.1 billion yuan. The unit reported an adjusted loss of 1.5 billion yuan for the quarter, with a gross profit margin of 17.1%. During the quarter, Xiaomi maintained its position as the world's third-largest smartphone maker with shipments of 42.8 million units, up 3% and capturing 14% of the market, according to research firm Canalys. Xiaomi reported adjusted net profit climbed 4.4% to 6.25 billion yuan, versus a consensus estimate of 5.92 billion yuan.

Persons: Xiaomi Corp, Xiaomi Organizations: Show, Publishing, Getty Images, Xiaomi, Porsche, China EV, Revenue, Huatai Securities Locations: GUANGZHOU, CHINA, Guangzhou, South China's Guangdong, China

☆ The sectors — and stocks — to buy in Asia after Trump's win, according to analysts
▼ + stars: | 2024-11-08 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

Former U.S. President Donald Trump's victory over Vice President Kamala Harris in this week's election has raised questions about how Asia will be impacted. "When passed, the [tariffs] will sweep across Asia, particularly China [and] should spike volatility and compress multiples as uncertainty prevails." Even so, the analysts say the region is "more prepared than in 2016" and investment opportunities remain, especially given the weaker yen and stimulus in China. This will bring about "structural shifts in global supply chain ... [and] could boost infrastructure spending in ASEAN and South Asia," he added. The currency has fallen versus the dollar following Trump's win, hitting 154.7 per dollar on Wednesday — its weakest level since July 30.

Persons: Donald Trump's, Kamala Harris, India's, Hong, Tai Hui, Hui, Stocks, — CNBC's Lim Hui Jie Organizations: U.S, Trump, Macquarie Research, Nikkei, Dow Jones, Nasdaq, Morgan Asset Management, Congress, Mitsubishi Electric, Mitsubishi, Japanese pharma, Chugai Pharmaceutical, SK Hynix Locations: Asia, China, ASEAN, South Asia, U.S, Macquarie, Japan

☆ Toyota and BMW are the latest casualties in China's evolving EV market
▼ + stars: | 2024-11-06 | by ( Tom Carter | ) www.businessinsider.com time to read: +3 min

Toyota and BMW both reported plunging profits on Wednesday. China's EV giants like BYD are squeezing out foreign automakers and increasingly expanding into the premium market. AdvertisementChina's EV giants are rising, putting foreign automakers under pressure in the world's largest car market. Toyota and BMW reported a drop in quarterly profits on Wednesday, with sales in China slumping for both companies as they face growing competition from local automakers like BYD. In China, meanwhile, Toyota is facing fierce competition from local EV giants like BYD.

Persons: —, BYD, Xiaomi Organizations: Toyota, BMW, EV, Service, Sales, Mercedes, Audi Locations: China, Japan

☆ Chinese vs. American EV: How Xioami's SU7 compares to the Tesla Model 3
▼ + stars: | 2024-11-06 | by ( Benjamin Zhang | ) www.businessinsider.com time to read: +1 min

The interior of a Xiaomi SU7 (Top) and a Tesla Model 3. CFOTO/Future Publishing via Getty Images/Costfoto/NurPhoto via Getty Images/TeslaThe SU7's cabin is high-tech and thoroughly modern. Atop its center stack is a massive 16.1-inch infotainment screen with smartphone mirroring. The entire in-car experience is focused on the Tesla's 15.4-inch central touchscreen, which serves as both the instrument display and its infotainment screen. As with all Teslas, the Model 3 comes with the company's signature Autopilot semi-autonomous driving tech.

Persons: Xiaomi Organizations: Tesla, Publishing, Getty Images, Getty, Xiaomi Locations: China

☆ The China threat and the EV slowdown— 2 takeaways from a busy few weeks in auto news
▼ + stars: | 2024-11-03 | by ( Nora Naughton | ) www.businessinsider.com time to read: +4 min

A price war in China poses a threat to profitability. Amid the flurry of news, two themes stand out: the China threat and EV slowdown loom large for automakers. AdvertisementAnother EV price war threatens profitabilityIn China, the world's largest auto market, EV leaders BYD and Tesla are engaged in a bitter price war that initially weighed heavily on BYD's bottom line. The Chinese EV market is more competitive than ever, according the GM's Barra, who questioned the sustainability of a broader price war in the region driven by an uptick in Chinese EV startups selling inexpensive vehicles. Inexpensive Chinese EVs have long threatened the US EV market.

Persons: —, It's, Ford, Tesla, China's, Mary Barra, Barra, Mark Ford, he's Organizations: Service, Ford, Volkswagen, VW, EV, Companies, Power, Dealers Locations: China, Germany, Europe, BYD

☆ Luxury European automakers are getting crushed in China
▼ + stars: | 2024-11-01 | by ( Tom Carter | ) www.businessinsider.com time to read: +7 min

AdvertisementThe days of European carmakers dominating China's luxury vehicle market are over. A study by AlixPartners found that Chinese automakers released 40 over-the-air software updates between March 2023 and February this year, compared with just two from legacy automakers. AdvertisementHard to quitDespite a challenging environment, Western premium automakers can ill afford to give up on China. As well as increased competition, European automakers face a geopolitical headache. AdvertisementTim Urquhart, principal automotive analyst at S&P Global Mobility, told BI the European Union's tariffs on Chinese automakers meant Beijing could impose levies on European car imports in retaliation.

Persons: —, Aston Martin, James Bond, Chris Brownridge, BYD, Lutz Meschke, Max, Xiaomi, Steve Dyer, Dyer, AlixPartners, Mercedes, GAO, China's, Tim Urquhart, Urquhart Organizations: BMW, Mercedes, Benz, Porsche, Service, upstarts, Volkswagen, Royce, British, Bloomberg, Reuters, Getty, P Global Mobility Locations: China, British, London, Korea, Western Europe, Beijing

☆ Apple's China headache isn't going away anytime soon
▼ + stars: | 2024-11-01 | by ( Jordan Hart | ) www.businessinsider.com time to read: +3 min

Greater China is a key market for Apple, with new AI features expected to roll out in April. It also rolled out its highly-anticipated Apple Intelligence software in the US in English on Monday. While consumers may be buying the newest iPhones in Greater China, they'll have to wait until April for Apple Intelligence to launch in Chinese, however. However, competition is stiff, and Apple Intelligence still needs time to prove itself. It'll take months to know for certain if AI can move the needle for Apple in Greater China.

Persons: Apple, —, Tim Cook, Jacob Bourne, It'll Organizations: Apple, Baidu, Service, Apple Intelligence, Huawei, Xiaomi, Business, Wedbush Securities Locations: Greater China, China, EMARKETER

☆ China's Zeekr reports EV deliveries in October nearly doubled, clocks its best monthly numbers
▼ + stars: | 2024-11-01 | by ( Sonia Heng | In Sonia-Heng | ) www.cnbc.com time to read: +1 min

ZEEKR EV cars are displayed at the 45th Bangkok International Motor Show in Bangkok, Thailand, March 25, 2024. Chinese electric carmaker Zeekr said Thursday its deliveries surged by 92% in October from a year ago, helping the company clock its best month at 25,049 vehicles. That beat the prior record of 21,333 deliveries in September, bringing Zeekr's total for the year to nearly 168,000. Earlier in the week, Chinese smartphone and home appliance company Xiaomi said it delivered more than 20,000 electric vehicles in October. Xiaomi aims to deliver 100,000 electric cars by the end of November.

Persons: Zeekr, Xpeng, Li Auto, BYD, Aito, Xiaomi Locations: Bangkok, Thailand

☆ Marc Andreessen says US carmakers need to make a $20,000 EV if they don't want to 'lose the auto industry' to China
▼ + stars: | 2024-10-31 | by ( Jaures Yip | ) www.businessinsider.com time to read: +6 min

Investors Marc Andreessen and Ben Horowitz said Chinese EVs are beating out American and European automakers. Andreessen Horowitz founders Marc Andreessen and Ben Horowitz said on their podcast that Chinese automakers have developed high-quality and affordable vehicles supported by a robust supply chain ecosystem. With the American auto industry struggling with slowing growth in its EV market, American automakers need to be able to offer a compelling $20,000 EV that also competes on quality if the US doesn't want to "lose the auto industry," Andreessen said. Andreessen said that Chinese car brands are outperforming American EV automakers in affordability and quality, calling them "super technologically sophisticated." AdvertisementTo keep up, American automakers need to be able to offer a similarly affordable and full-featured car at the $20,000 price point, Andreessen said.

Persons: Marc Andreessen, Ben Horowitz, Andreessen Horowitz, Xiaomi's, —, It's, Andreessen, they've, Horowitz, Jim Farley, " Horowitz, Elon Musk, Tesla, Musk, Xiaomi Organizations: Service, Centre, Strategic & International Studies, Ford, Porsche, Porsche Cayenne, American EV, Elon, Nissan Locations: China, Mexico, Dubai, American

☆ Apple stuck it to the naysayers with better-than-feared financials, emerging iPhone 16 demand
▼ + stars: | 2024-10-31 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

While the hardware sales are certainly profitable, they pale in comparison to the profitability of Apple's Services. It's impossible to do consistently, and that's why Jim Cramer always says "own, don't trade" Apple stock. During the reported quarter, Apple returned over $29 billion to shareholders, including $3.8 billion in dividends and equivalents and another $25 billion via the repurchase of 112 million shares. Though Services sales missed the mark, gross income managed to outpace expectations thanks to significant year-over-year margin expansion. The growing installed base of active devices is of course translating into strong engagement with Apple's services.

Persons: Luca Maestri, that's, Jim Cramer, Time Cook, Apple, we're, Maestri, Jim Cramer's, Jim, Michael M Organizations: Apple, Samsung, Dell, HP Inc, of Asia, of Asia Pacific, Mac, Apple Watch, Apple Intelligence, Apple's Services, iOS, CNBC, Fifth, Santiago, Getty Locations: Apple's, Americas, Europe, Asia Pacific, Japan, Greater China, iPhones, Kantar, U.S, China, Australia, New York City

☆ Founder of TikTok owner ByteDance jumps to top of China’s rich list as number of billionaires shrinks
▼ + stars: | 2024-10-30 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +2 min

SHANGHAI — ByteDance founder Zhang Yiming is China’s richest person, with personal wealth of $49.3 billion, an annual rich list showed Tuesday, although counterparts in real estate and renewables have fared less well. Zhang, 41, who stepped down in 2021 as chief executive of ByteDance, the Beijing-based parent company of TikTok, becomes the 18th individual to be crowned China’s richest person in the 26 years since the Hurun China Rich List was first published. He overtook bottled water magnate Zhong Shanshan, who slipped to second place as his fortune dropped 24%, to $47.9 billion. Despite a legal battle over its U.S. assets, ByteDance’s global revenue grew 30% last year to $110 billion, Hurun said, helping to propel Zhang’s personal fortune. The number of billionaires on the list dropped by 142 to 753, shrinking more than a third from its 2021 peak.

Persons: Zhang Yiming, Zhang, China Rich, Zhong Shanshan, Hurun, Pony Ma, Colin Huang, ”, Rupert Hoogewerf, Lei, Hoogewerf Organizations: SHANGHAI, ByteDance, PDD Holdings Locations: Beijing, China

☆ Volkswagen stumbles in China as Germany's auto giants struggle to compete in the EV race
▼ + stars: | 2024-10-30 | by ( Tom Carter | ) www.businessinsider.com time to read: +7 min

Experts told BI that all three companies face slumping EV sales and brutal competition in China. BMW and Mercedes-Benz have issued profit warnings in recent weeks amid slumping EV sales in Europe and brutal competition in China, while Volkswagen is also facing a reckoning. German carmakers are losing out to Chinese EV makers such as BYD. She added that Mercedes, BMW, and Volkswagen offer comparatively few hybrid and extended-range vehicles — categories that have proven extremely popular in China. Slow sales in EuropeAt the same time, Germany's automakers are also dealing with a slowdown in EV sales in Europe.

Persons: —, Arno Antlitz, Mercedes, Hendrik Schmidt, Daniel Pier, Getty Images Helena Wisbert, Wisbert, Matthias Schmidt, Tesla, JENS SCHLUETER, that's Organizations: BMW, Mercedes, Benz, Service, Volkswagen, Wednesday VW, VW, dpa, China Passenger Car Association, Getty Images, Ostfalia University, Getty, European Union, Volkswagen Group, UBS Locations: Germany, China, Europe, North America, South America, China —, AFP

☆ The Chinese EV loved by Ford's CEO just got a lot faster
▼ + stars: | 2024-10-30 | by ( Tom Carter | ) www.businessinsider.com time to read: +4 min

Ford CEO Jim Farley is a big fan of Xiaomi's SU7 EV — and it just got a major upgrade. The Chinese tech giant unveiled the SU7 Ultra, a high-performance electric car with a max speed of 350km per hour. AdvertisementFord CEO Jim Farley's favorite Chinese EV just got a major upgrade. Speaking on a podcast last week, Ford CEO Farley praised Xiaomi as an "industry juggernaut" and said he was a big fan of the SU7. AdvertisementWestern automakers like Ford are under pressure from Chinese electric car makers, which are expanding rapidly worldwide.

Persons: Jim Farley, —, Jim Farley's, Xiaomi, Farley, Lei Jun, it's, I've, Tesla, Elon Musk Organizations: —, Service, Ford, Citibank Locations: China, presale, Shanghai, Chicago

☆ China's Xiaomi delivers 20,000 EVs in October, just months after launching its first car
▼ + stars: | 2024-10-30 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +1 min

Chinese smartphone company Xiaomi on Tuesday announced a sports car version of its SU7 electric sedan would begin preorders for the equivalent of more than $110,000. BEIJING — China's Xiaomi said Tuesday that it had delivered more than 20,000 SU7 EVs in October as it ramps up production for its electric car venture in a fiercely competitive market. While Xpeng delivered a monthly record of more than 20,000 cars in September, with about half the sales owed to its newly launched, lower-cost brand Mona, Nio has struggled to keep monthly deliveries above 20,000 cars. Zeekr , an electric car brand founded by automaker Geely, has claimed it produced more than 100,000 vehicles in 1.5 years. Data on other Chinese electric car companies' deliveries for October is expected Friday.

Persons: China's Xiaomi, Xiaomi, Tesla, Xpeng, Nio Organizations: BEIJING, EVs, Geely Locations: China

☆ Ford cuts profit forecast as high costs and low volumes hit hard
▼ + stars: | 2024-10-29 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +3 min

The guidance stems from high costs and low volumes of Ford Pro and Ford Blue models. Ford aims to compete with Chinese EV makers by reducing costs and innovating designs. It said the guidance was hurt by costs and low volumes of its most profitable cars, Ford Pro and Ford Blue, due to supplier and hurricane-related disruptions. He said that finding new designs for components or using new suppliers will be key to reducing EV costs. Chinese EV makers have been on a roll this year.

Persons: Ford, —, Jim Farley, Farley, I've, Stellantis, Tesla Organizations: Ford Pro, Ford, Service, Companies, EV, European Union, Motors, Chrysler Locations: Russia, Shanghai, Chicago, China

☆ Insider Today: Millennial money mistake
▼ + stars: | 2024-10-27 | by ( Matt Turner | ) www.businessinsider.com time to read: +4 min

Check out tomorrow's edition of Insider Today for the first in a series focused on what a Trump or Harris presidency would mean for your finances. On the agenda today:AdvertisementBut first: A tech CEO puts an end to employees working remotely from Bali. In a memo to staff seen by Business Insider, Markus Villig said all staff would be required to work from the office 12 days a month starting January. Business Insider combed through 1.7 million listings and analyzed thousands of makes and models to understand what drives America. Also read:AdvertisementThe AI Power ListKaran Singh for BIFor the second year running, Business Insider released its list of the most powerful people in artificial intelligence and machine learning.

Persons: —, Ford's, Jim Farley doesn't, Trump, Harris, Jenny Chang, Rodriguez, Markus Villig, We've, Automobiles Pete Ryan, we've, Buckle, Jimmy Simpson, millennials, Karan Singh, Natalie Ammari, It's, Marc Benioff Organizations: Business, Service, Today, Automobiles, BI, Federal, Google, Walgreens, Microsoft Locations: Shanghai, Bali, United States, xAI

☆ What you need to know about the Chinese EV loved by Ford's CEO — and why you can't get it in the US
▼ + stars: | 2024-10-25 | by ( Benjamin Zhang | ) www.businessinsider.com time to read: +5 min

Ford CEO Jim Farley praised the Xiaomi SU7, a new Chinese EV he's driving. Costfoto/NurPhoto via Getty ImagesThe SU7 is Xiaomi's first vehicle since the Chinese smartphone and consumer electronics giant announced plans to build an EV in March 2021. Costfoto/NurPhoto via Getty ImagesThe SU7 comes in three versions — the SU7, SU7 Pro, and the SU7 Max — that start at 215,900 yuan or about $30,300. Costfoto/NurPhoto via Getty ImagesThe SU7 turns up the wow factor in the cabin. Costfoto/NurPhoto via Getty ImagesThe car also features some impressive performance.

Persons: Jim Farley, Xiaomi, —, he's, They're, Farley, it's, Max —, Max, Ford EVs Organizations: he's, Service, Getty, Beijing Automotive, Hyundai, Mercedes, Benz, Xiaomi, Tesla, McLaren, Future Publishing Locations: China, Chicago, Shanghai

☆ Apple returns to top 5 smartphone ranking in China with iPhone 16 as Huawei battle ramps up
▼ + stars: | 2024-10-25 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +3 min

Huawei trailed Apple in third place with 15.3% market share, IDC data showed. However, the company's smartphone shipments in China grew by 42% year-on-year, as it continues to stage a revival in the world's largest smartphone market. Apple stood at second position by market share in the third quarter, according to International Data Corporation (IDC). In the second quarter, Apple was knocked out of the top five ranking in China by market share. Canalys said Apple was fifth place by market share in China.

Persons: Apple, Tim Cook, Vivo, Xiaomi, Canalys Organizations: Apple, Huawei, IDC, International Data Corporation, Apple Intelligence, Oppo, CNBC Locations: Chongqing, China, Cupertino, U.S

☆ Chinese smartphone maker Oppo doubles down on AI, says in regular talks with Google and Microsoft
▼ + stars: | 2024-10-24 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +3 min

Chinese smartphone company Oppo ranks second in mainland China, and fourth worldwide, according to Canalys. Nurphoto | Nurphoto | Getty ImagesBEIJING — Chinese smartphone company Oppo is doubling down on artificial intelligence as it holds weekly talks about AI with senior management at Google and Microsoft in the run-up to the launch of its flagship phone overseas. The rise of generative AI — tech that can produce human-like responses when prompted — has companies from Apple to Honeywell rushing to tap its capabilities. AI smartphones set for growthOppo in June announced it plans to integrate generative AI in 50 million of its devices this year. Apple next week is due to publicly release its first software update with AI tools.

Persons: —, Billy Zhang, Zhang, Xiaomi, Oppo Organizations: Nurphoto, Getty, Google, Microsoft, Apple, Honeywell, CNBC, Samsung, Tech Locations: China, BEIJING, Shenzhen, Europe, Southeast Asia, U.S

☆ The CEO of Ford says he's been driving a Xiaomi EV for the past 6 months and doesn't want to give it up
▼ + stars: | 2024-10-23 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

Ford CEO Jim Farley says he's been driving the Chinese tech giant Xiaomi's EV for the past six months. AdvertisementFord CEO Jim Farley says he doesn't want to give up the Xiaomi Speed Ultra 7 he's been driving for the past half year. "I don't like talking about the competition so much, but I drive the Xiaomi," Farley said while speaking to the British presenter Robert Llewellyn on "The Fully Charged Podcast." The Chinese tech giant produces three versions of the car: SU7, SU7 Pro, and SU7 Max. Competing with rivals such as Xiaomi will be critical for Ford as it formulates its approach to the EV market.

Persons: Jim Farley, he's, Farley, Xiaomi, —, Robert Llewellyn, Llewellyn, I've, SU7 Max, Farley didn't, They're, BI's Matthew Loh, Loh, John Lawler, Jim, Lawler, Ford Organizations: Service, Ford, Business Insider, EV, China, Street, Changan Automobile, Research, Business Locations: British, Shanghai, Chicago, China, Brazil, Thailand

☆ Chinese smartphone companies tout AI features ahead of Apple Intelligence launch
▼ + stars: | 2024-10-23 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +2 min

Chinese smartphone company Honor on Wednesday revealed new AI features. U.S. sanctions cut Huawei off from Google, prompting the Chinese company to launch its own operating system, HarmonyOS, in 2019. Telecommunications giant Huawei on Tuesday launched an upgrade to its HarmonyOS system that eliminated reliance on the Google-created Android operating system. The new AI features are slated for release on Honor's forthcoming Magic 7 smartphone, due for launch on Oct. 30. Chinese home appliance and smartphone company Xiaomi will also launch a new phone this month that uses Qualcomm's Snapdragon Elite 8 chip.

Persons: George Zhao, Toby Zhu, Canalys Organizations: Huawei, Google, Telecommunications, Baidu, Qualcomm, CNBC Locations: Shanghai, China

☆ Analysts pick winners from China stimulus measures
▼ + stars: | 2024-10-20 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

Now that China's key ministers have spoken on stimulus, analysts have narrowed down the stocks likely to benefit. Chinese stocks have tempered their recent rally as investors await more policy details. Beyond interest rate cuts, the most tangible Chinese stimulus policies include subsidies to boost consumption with a trade-in program, along with incremental property market support. They screened for mainland-traded Chinese stocks with relatively high dividend yields and strong cash flow. While Chinese property developers may not bounce back right away, HSBC analysts expect construction software company Glodon, listed in Shenzhen, can benefit from property market stabilization.

Persons: David Chao, Morgan Stanley, Morgan, Ni Hong, Edward Chan Organizations: Asia Pacific, Aluminum Corp, Cement, HSBC, National Bureau of Statistics Locations: Japan, Invesco, Hong Kong, Anhui, Beijing, Shenzhen, Shanghai

☆ Tim Cook is having a great week as Apple stock hovers within reach of record high
▼ + stars: | 2024-10-17 | by ( Jordan Hart | ) www.businessinsider.com time to read: +5 min

Analysts are optimistic about Apple's iPhone 16 sales going into the holiday season. Apple shares hit a record intraday high earlier this week. AdvertisementFall is shaping up to be good for Tim Cook as Apple rounds the corner into the holiday quarter. Analysts expect the rollout of Apple's AI features to drive iPhone demand into the holiday season. Apple Intelligence is expected to officially launch by the end of the month, and new Macs are reportedly on the way.

Persons: —, Tim Cook, Nabila Popal, Morgan Stanley, Bernstein, Cook, Jacob Bourne, Bourne, Erik Woodring, William Kerwin, Kerwin, TSMC Organizations: IDC, Apple, Service, Apple Intelligence, Wall Street, ISI, Forbes, Business, Morningstar Locations: China, Xiaomi, Indonesia

☆ Techies, salespeople, and industry execs arrive in Las Vegas for the Mobile World Congress trade show
▼ + stars: | 2024-10-08 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +5 min

Mobile World Congress, a mobile communications trade show, is coming to Las Vegas this week. Techies, salespeople, and industry executives are arriving in Nevada this week for MWC Las Vegas, which kicks off today. The annual mobile-communications trade show brings more than 250 exhibitors, sponsors, and partners to the Las Vegas Convention Center in Sin City from Tuesday to Thursday. 5G technology is on track to add $210 billion in GDP to the North American economy by 2030, GSMA's "Mobile Economy North America" report said. The trade show in Vegas comes more than seven months after Mobile World Congress Barcelona, which is also hosted by GSMA.

Persons: —, Lara Dewar, GSMA, Dewar, Booz Allen, Ulf Ewaldsson, Nvidia's, Ronnie Vasishta, Shankar Arumugavelu, Randi Zuckerberg, Hug, Mark Zuckerberg's Organizations: Mobile, Las, Service, MWC Las Vegas, Nvidia, Salesforce, Las Vegas Convention, MWC, Vegas, Enterprise, GSMA Intelligence, Verizon, Qualcomm, Cisco, Microsoft, Samsung, Apple, Apple Intelligence, Google, MWC Americas, Congress Barcelona, GSMA, Motorola, Lenovo, Verizon Global Services, Department of, Air Force's Locations: Las Vegas, Nevada, Sin City, North, America, Vegas, Venice

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