Chinese consumers may be shifting away from$Apple(AAPL.US)$toward Huawei as sales of the latest iPhone declined by 6% in China during launch month compared to last year, while$Huawei Hongmong(LIST0795.SH)$'s Mate 60 series doubled sales to nearly 1.5 million. “Against the backdrop of the strong growth of Huawei, Apple iPhone 15 series registered a 6 per cent decline in sales,” said Hayden Hou, China senior analyst at GfK. “Huawe...
1. Tesla just cut the price of its Model Y electric vehicle in China again in a sign of intensifying competition in the world’s largest EV market. The price reduction of 4% is the second cut this year and equates to almost $2,000 for its long range Model Y. At just $41,320, the Tesla Model Y Long Range is now priced 18% cheaper than what it would normally cost in the US. The company delivered 325,528 units from its Shanghai Gigafac...
$Apple(AAPL.US)$is set to sign up Chinese contract manufacturer$Luxshare Precision Industry(002475.SZ)$to produce premium iPhone models, the Financial Times reported on Wednesday, citing sources familiar with the matter. Luxshare has been producing small numbers of the iPhone 14 Pro Max at its Kunshan plant, to make up for lost production at$Foxconn Concept(LIST0576.SH)$Zhengzhou factory last year. The Foxconn plant is almost back to full production, wit...
“Against the backdrop of the strong growth of Huawei, Apple iPhone 15 series registered a 6 per cent decline in sales,” said Hayden Hou, China senior analyst at GfK. “Huawe...
The price reduction of 4% is the second cut this year and equates to almost $2,000 for its long range Model Y. At just $41,320, the Tesla Model Y Long Range is now priced 18% cheaper than what it would normally cost in the US. The company delivered 325,528 units from its Shanghai Gigafac...
Luxshare has been producing small numbers of the iPhone 14 Pro Max at its Kunshan plant, to make up for lost production at $Foxconn Concept(LIST0576.SH)$ Zhengzhou factory last year.
The Foxconn plant is almost back to full production, wit...
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