On March 3, Gastron learned that Xiaomi Group partner and president Lu Weibing said at a global press conference for the Xiaomi 15 series in Barcelona, Spain: “It is more important than ever to promote our development in the high-end market.” After five years of exploration, Xiaomi’s high-end development has ushered in a new stage, and its mobile phone, automobile, and AIoT businesses are all accelerating their overseas trip. In addition to officially launching the Xiaomi 15 series, Xiaomi also announced that it will officially launch large household appliances overseas and will sell Xiaomi cars to the […]
According to foreign media reports, Volkswagen Group of America will recall nearly 60,500 2021-2023 Audi and Volkswagen brands, because the gears of the vehicle may not be displayed correctly, which may cause the vehicle to slip without parking brake enabled. A statement released by the National Highway Traffic Safety Administration (NHTSA) shows that a faulty instrument cluster may not display the “N” gear correctly. NHTSA revealed that the affected models include some 2021 to 2023 Volkswagen ID.4, as well as the 2022 to 2023 Audi Q4 e-Tron and Q4 e-Tron Sportback. […]
According to a statement released on February 26, the Italian Agnelli family is selling about 3 billion euros ($3.15 billion) of shares in Ferrari Auto through its controlling investment company Exor NV. However, even after selling 7 million common shares of the luxury automaker, the Italian century-old family will remain Ferrari’s largest shareholder, retaining about 30% of the voting rights. Exor NV’s statement said the shares sold are equivalent to about 4% of Ferrari’s issued share capital and will be completed through an accelerated bookkeeping issuance for institutional investors. Goldman Sachs […]
According to foreign media reports, on February 26, Stellantis Chairman John Elkann said in a conference call with analysts that the Trump administration should avoid imposing 25% import tariffs on Mexican and Canadian products, but instead impose tariffs on imported cars that do not contain any U.S. parts. Stellantis Group believes that Trump’s tariff policy will seriously impact automakers that produce most of the cars in the United States like Stellantis. John Elkann also said: “If the Trump administration really wants to increase jobs in the United States, promote manufacturing and attract investment, the real […]
According to foreign media reports, British battery startup Volklec is working with Chinese battery supplier Far East Battery to build a £1 billion super battery factory in the UK. Volklec, based in Coventry, UK, is supported by British investment firm Frontive Group. Frontive Group is funded by brothers Imran Khatri and Sameer Khatri, former investors in another British battery company, British Volt, who tried to get it out of the bankruptcy administration process two years ago to get it out of the situation. It is reported that Volklec […]
According to Bloomberg, U.S. President Donald Trump said the 25% tariff imposed on Canada and Mexico will take effect on March 4 and announced an additional 10% tariff on products imported from China. This move will further exacerbate trade disputes between the United States and its major trading partners. Trump announced on February 3 that he would suspend the full imposition of tariffs on Canada and Mexico for one month as leaders of Canada and Mexico announced new border security measures. However, Trump’s recent remarks about whether these tariffs will be imposed after the […]