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Leaders of German automotive giant Volkswagen (VW) are expecting the next two years in the highly competitive Chinese car market to be difficult, but don't fear challenges from rival Chinese carmakers in the European market. Chinese carmakers will eventually need to invest in European production plants to build vehicles locally instead of shipping huge numbers of finished vehicles by ocean, Ralf Brandstätter, head of VW's China business, said on Wednesday in Beijing ahead of a major auto show in

Xiaomi began allowing consumers to place orders for its SU7 electric vehicle sedan on Thursday, after it announced the prices of the car which started at $29,870. On Friday night, it said pre-orders hit 88,898 in the first 24 hours.

Xiomi EVs: The launch fulfills an ambition of Xiaomi's CEO and founder Lei Jun, who announced the company's foray into EVs in 2021. He pledged to invest USD 10 billion in Xiaomi's auto business, describing it as "the last major entrepreneurship project" of his life.

Over the next three years, SAIC Anji Logistics plans to integrate a total of 14 ocean-going transport ships across various classes. [Image: SAIC]

The Xiaomi SU7 is the first electric vehicle from the Chinese tech giant, Xiaomi. It’s available in two variants: the standard SU7 and the SU7 Max. The SU7 Max has a top speed of 265 kmph