MONEY MASTER

Smartphones to Smart Cars Xiaomi's second EV, the YU7 SUV, is making headlines —  289,000 pre-orders in the first hour  and an  8% share surge to a lifetime high. This electric move challenges Tesla’s Model Y head-on. Key Specs & Pricing Starting at  253,500 yuan (~US$35,360) Top model:  329,900 yuan , 760km range, 0–100km/h in 3.23s All models with lidar, massage chairs, 800V fast charging Investor Buzz Goldman Sachs raised price target 6% , citing consumer excitement YU7 pre-orders outpaced SU7’s, with buyers allowed to switch models pre-delivery EV unit expected to  reach profitability by 2H 2025 MoneyMaster Take — Key Insights: Xiaomi is scaling fast in EVs  — and challenging legacy players. EV hype is translating to real revenue  — not just headlines. Risks remain  — safety scrutiny, price wars, and regulatory oversight. Our Move: Xiaomi’s EV momentum is real, but the stock has already priced in a lot. Consider a  trailing stop-...

China exported more than 60,000 electric vehicles (EVs) to the European Union (EU) in September , as Chinese automakers rushed to ship EVs before additional tariffs take effect at the end of the month. Shipments of 60,517 EVs to the 27-nation European trade bloc marked a 61% increase from last year, and was the second-highest monthly export volume on record. The surge follows the European Commission’s anti-subsidy investigation into Chinese-made EVs, announced in October 2023 , which led to a temporary increase in exports. In June , the EU imposed provisional duties requiring guarantees from targeted companies, though officials clarified that tariffs would not be retroactively applied. New tariffs of up to 35% were approved on Oct 4 , supported by countries including France, Italy, and Poland. The spike in shipments reflects Chinese EV manufacturers’ efforts to avoid the impending tariffs , but the measures are unlikely to deter automakers' ambitions in the European market. EV...

BYD , the world’s second-largest producer of electric vehicles (EVs) after Tesla, expressed strong opposition to the European Union’s planned tariffs on Chinese-made EVs , while outlining its strategy to produce nearly all the cars it sells in Europe locally . This move aligns BYD with other Chinese automakers accelerating their European manufacturing plans. At the Paris car show , BYD Executive Vice President Stella Li revealed that the company will manufacture key components in Europe and assemble battery packs at its plants in Hungary and Turkey , importing only the battery cells from China . BYD faces an additional 17% tariff on top of an existing 10% , and is considering whether to pass these costs onto consumers or absorb them. The company does not expect to sell its vehicles in Europe for less than 30,000 euros (US$32,745) . Li criticized the EU’s tariff plans, stating, “ Politicians should stay away from tariffs ,” emphasizing that tariffs would increase manufacturing costs ...