Turkish home and professional appliances manufacturing company, Vestel, which specializes in electronics, unveiled Thursday its new startup unit Vestel.
The sales of Tesla declined by nearly 9% last quarter as competition increased worldwide, electric vehicle sales growth slowed, and price cuts failed to.
Xiaomi s $8 billion stock rally hinges on its first electric vehicle SU7 launch in China, challenging Tesla and BYD. Analysts predict positive momentum but foresee profitability challenges in China s competitive EV market.