Smart Cars
Elon Musk Denies Reports That Tesla Is Considering Selling or Spinning Off Its China Business
July 31, 2026 – Rumors suggesting that Tesla could divest or spin off its China operations have been firmly rejected by CEO Elon Musk, who described the claims as entirely false shortly after they gained traction across financial markets. The speculation, first reported by The Wall Street Journal citing people familiar with the matter, alleged…
BYD’s Electric K-Car Racco Surpasses 5,000 Pre-Orders in First Week, Signaling Strong Japan Market Demand
July 31, 2026 – BYD’s Electric K-Car “Racco” Secures Over 5,000 Orders in First Week After Pre-Sale Launch BYD’s first Japan-focused electric K-Car, the Seagull-inspired “Racco,” has gained strong early momentum, collecting more than 5,000 locked-in deposits within its first week of opening for pre-orders. The compact EV had already attracted significant attention before its…
Xiaomi Delivers Over 700,000 SU7 and YU7 Vehicles, Unveils Kunlun Technology Architecture After 3.5 Years of Development
July 31, 2026 – Xiaomi Unveils New Pengcheng Technology Platform, Lei Jun Highlights Next Phase of Smart EV Development Xiaomi has officially hosted its Pengcheng Technology Conference, where CEO Lei Jun opened the event by revisiting the company’s first automotive technology presentation and outlining the journey of Xiaomi’s electric vehicle ambitions. At Xiaomi’s inaugural EV…
Lei Jun Stands Next to 1.96m Xiaomi Employee, Admits He Feels the Pressure
July 31, 2026 – Xiaomi’s latest electric vehicle project has highlighted a new approach to large-family mobility, with the company showcasing the impressive interior flexibility of its upcoming Pengcheng N90 Max model at a launch event. During the presentation, seven members of Xiaomi’s Pengcheng development team stepped out of the N90 Max, with the tallest…
Xiaomi CEO Lei Jun Highlights Supplier Quality Behind New Kunlun Vehicle Architecture
July 31, 2026 – Xiaomi has officially expanded its automotive ambitions with the unveiling of two new extended-range SUVs at its Pengcheng Technology Launch Event on July 30. During the presentation, CEO Lei Jun introduced the company’s newly developed Kunlun Technology Architecture, a vehicle platform engineered over the past three years to support Xiaomi’s next…
Toyota’s Global Sales Fall for the First Time in Two Years as China Weakness Weighs Heavily
July 30, 2026 – Toyota Motor reported a weaker first half of 2026, with both global vehicle sales and production declining year over year for the first time in two years, highlighting mounting pressure in the world’s largest auto market despite resilient demand elsewhere. According to figures released by the Japanese automaker on Thursday and…
Shen Fei Says Pure-Electric Vehicles Have Entered Their Defining Growth Phase
July 30, 2026 – NIO executive Shen Fei has reiterated his confidence in the future of the pure-electric SUV market, arguing that the industry’s momentum over the past year has confirmed an earlier prediction that battery-electric three-row SUVs are entering a new phase of growth. Speaking as the first anniversary of the Onvo L90 approaches,…
BMW Unveils 8,000 Global Job Cuts Amid China Market Slump, CEO Vows Faster Cost-Cutting Push
July 30, 2026 – BMW has rolled out a mutually agreed voluntary redundancy scheme in partnership with its works council, aiming to cut thousands of roles across Germany by the close of 2027, the luxury automaker confirmed in an official statement this week. A company spokesperson clarified that the targeted severance framework exclusively covers administrative…
XPeng Marks 6 Years of Global Expansion: Overseas Sales Surpass 100,000 Units Across 65 Markets
July 30, 2026 –XPeng Inc., the Chinese AI-driven mobility tech firm, has hit two major global milestones this week, as Chairman and CEO He Xiaopeng announced the brand’s six-year overseas sales have crossed 100,000 units, with a market footprint now spanning 65 countries and regions. The company first launched its international expansion in Norway back…
“EREV Is No Dead End”: Lei Jun Explains Why Xiaomi’s SkyNomad SUV Arrives Right On Time
July 29, 2026 –Lei Jun, founder of Xiaomi Group, took to social media on Wednesday to publish a detailed long post, directly addressing two widely discussed questions surrounding the brand’s upcoming SkyNomad series: why Xiaomi chose the extended-range electric (EREV) path, and whether the company is entering the market too late. In his statement, Lei…