EV

Xiaomi’s founder, Lei Jun, revealed strategic updates, hinting at a transformed approach to the EV market. The YU7 model’s pricing deviates from initial speculations. Xiaomi aims for automotive division profitability as early as Q3/Q4, driven by technological innovation. The company invests heavily in AD and chip design to boost competitiveness. Robotics are also making progress, while Xiaomi maintains a 5% profit margin on hardware, signaling disruption in the competitive landscape.

Richard Yu, Huawei’s automotive executive, criticized underperformance within China’s EV sector. He argued against allowing the “lowest common denominator” to dictate industry standards, likening it to a school where the weakest student hinders progress. Yu advocates for prioritizing innovation and celebrating excellence to avoid complacency and ensure user safety and overall advancement.

NIO Inc. reported strong May 2025 delivery figures. May deliveries reached 23,231 vehicles, a 13.1% year-over-year increase. Year-to-date deliveries totaled 89,225, up 34.7% year-over-year. Cumulative deliveries reached 760,789 vehicles by the end of May, reflecting growth across its NIO, ONVO, and FIREFLY brands. The company’s strategic expansion targets diverse segments.

Leapmotor’s CEO Zhu Jiangming was awarded the 2025 Zhejiang Province Science Entrepreneur, the only automotive leader recognized. The award acknowledges his contributions to EV technology, particularly CTC battery integration and central electronic architecture, enhancing China’s EV competitiveness. The Zhejiang Science Entrepreneurship Program, launched in 2024, aims to cultivate innovative entrepreneurial leaders.

The 2025 Future Automotive Pioneers Conference in Shenzhen highlighted NIO’s advancements. CEO William Li unveiled the unified brand presence of NIO, ONVO, and Firefly, cleverly referencing “Willing to Win” in Chinese. He also emphasized NIO’s commitment to Shenzhen’s innovative spirit and its extensive charging network utilized by 90% of non-NIO vehicle drivers, solidifying NIO’s infrastructure investment in China.

Faraday Future announced the results of its Annual General Meeting, with shareholders approving key proposals including production of FX vehicles by late 2025. The company received shareholder support for financial health initiatives and strategic plans, including the FX Super One launch. The meeting also included the re-election of the board of directors and approval of share authorization. FF is aiming to have the first FX vehicle on the production line by the close of 2025.