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Tesla

Tesla’s China sales surge to 2026 high, but rivals crowd the rear-view mirror Tesla

Tesla’s China sales surge to 2026 high, but rivals crowd the rear-view mirror

Tesla’s Shanghai Gigafactory recorded its strongest monthly deliveries of the year in May as a broader recovery in China’s electric vehicle market gathered pace, although the US carmaker is likely to face intensifying competition from domestic rivals launching a wave of new models. The factory in Shanghai’s Lingang free-trade zone…
bubmag
June 3, 2026
Xiaomi’s CEO admitted his SUV wasn’t cheap enough to beat Tesla. Then he launched one that is. Tesla

Xiaomi’s CEO admitted his SUV wasn’t cheap enough to beat Tesla. Then he launched one that is.

TL;DR Xiaomi’s new $34,300 YU7 undercuts the Model Y by $4,350 with 50km more range. Sales had dropped below 10,000 units a month. Most CEOs would not go on stage and admit their product was not competitively priced against a rival. Lei Jun did exactly that on Wednesday evening, and…
bubmag
May 23, 2026