Yulon Motor convened its shareholders meeting on May 27, 2025, where President Kuo-hsing Hsu and Vice President Chien-hui Lee, who also chairs the Taiwan Transportation Vehicle Manufacturers Association, addressed pressing challenges facing Taiwan's automotive sector. In a post-meeting interview, both executives stressed the urgency of resolving tariff and commodity tax issues amid a shifting policy landscape and cooling consumer sentiment.
Xiaomi has previously leveraged the technical know-how of China's EV industry by packaging it into a sleek Porsche-like body at an affordable price with its SU7, and has followed the formula with its latest YU7, which evokes the luxury aesthetics of Ferrari and Aston Martin. Although pricing has yet to be determined, the announcement of the new model has generated significant excitement across China's internet.
Xiaomi reported strong progress in its electric vehicle (EV) and artificial intelligence (AI) businesses during its first-quarter 2025 earnings call on May 27, with company executives highlighting notable improvements in operational efficiency and a renewed commitment to long-term innovation through increased investment.
In recent weeks, Chinese automotive giant BYD has slashed prices on as many as 22 of its electric vehicle (EV) models, including both battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs). Price reductions have reached as high as 35%, with discounts set to run through the end of June. However, this relentless "race to the bottom" has raised serious concerns about the long-term sustainability of the industry.
Xiaomi posted strong first-quarter 2025 results, with net profit jumping 161.2% year-over-year to CNY10.92 billion (approx. US$1.52 billion), driven by booming EV and IoT sales. Revenue rose 47.4% to CNY111.29 billion, underscoring solid demand across its product lines and growing momentum in smart appliances and electric vehicles.
The automotive supply chain, battered by a challenging year in 2024, is finally showing signs of recovery, with component manufacturers leading the way into a period of renewed growth. While the automotive market cooled last year, the slowdown was not due to weak sales but rather to automakers' deliberate inventory reductions—a trend expected to reverse in 2025.
Recent reports from Chinese automakers highlight a growing shift in the global electric vehicle (EV) market, with industry giants BYD and Xiaomi emerging as formidable competitors to Tesla, particularly in Europe and China. As BYD's sales of pure electric vehicles (BEVs) surge, surpassing Tesla in Europe, Xiaomi is positioned as a potential disruptor, poised to dethrone Tesla's dominance in China's Model Y segment.
As Tesla's long-rumored low-cost electric vehicle appears poised for launch, anxiety is rising across its global battery supply chain—particularly among Korean and Japanese partners. Industry observers warn that Tesla's increasing reliance on Chinese-made lithium iron phosphate (LFP) batteries could marginalize long-standing suppliers like LG Energy Solution (LGES), L&F, and Panasonic, potentially eroding their influence in the world's most consequential EV supply chain.
Wolfspeed, the US-based chip component maker, is reportedly preparing to file for bankruptcy—sending shockwaves through the global semiconductor industry. The news has sparked significant concern among its key clients, particularly Japan's Renesas Electronics, which may face direct financial fallout from the potential collapse.
At its May 23 shareholders' meeting, Foxtron Chairman Young Liu reiterated the company's goal of achieving profitability by 2029. While still in the red, Liu highlighted the firm's increasingly comprehensive EV portfolio and expanding partner network as growth catalysts. He added that Foxtron will pursue new collaborations through a variety of strategic engagement models.
China's EV giant BYD has overtaken Tesla in monthly sales across Europe for the first time, marking a pivotal shift in the region's automotive landscape and highlighting the growing clout of Chinese automakers on the global stage.
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