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BMW's prices have risen back up to over 200,000 overnight.
Has not regained control yet.
Tesla Sees 24% Drop In California Registrations As EV Competition Heats Up
Tesla Inc. (NASDAQ:TSLA) experienced a 24% drop in car registrations in California during the second quarter, according to data from the California New Car Dealers Association. This marked the third consecutive quarter of declining sales in this critical market.
Lei Jun: At first, almost everyone thought that the Xiaomi SU7 would not sell well, and selling 3,000 units a month was a lucky break.
On the evening of July 19, in the 2024 Lei Jun Annual Speech, Xiaomi Chairman Lei Jun delivered a speech. He stated that after the launch of Xiaomi SU7, there were various doubts and criticisms, and the most common doubt was that Apple has been trying to make a car for ten years without success, why can Xiaomi do it in three years? "How would I know why Apple can't do it?" Some people even joked: "Jun, give up, everyone outside is XX." Almost everyone believed that it would not sell, and they thought that those who bought Model 3 were Tesla fans and would definitely not buy it; should BMW 3, Audi A4, and Mercedes-Benz C be upgraded to be more technologically advanced?
India's Tata Technologies Posts Q1 Profit Fall on Declining Services Revenue, Higher Expenses
BMW Recalling Over 1,100 Vehicles in US Over Airbag Inflator Concern, NHTSA Says
BMW is recalling 1,145 vehicles in the United States over a potential issue that may cause the airbag on the driver's side to explode during deployment, the U.S. National Highway Traffic Safety Administration said on Wednesday.
UBS Group: Raised Brilliance Chi to a 'buy' rating, with a target price of HKD3.5.
UBS Group has released a research report stating that it has upgraded its investment rating for Brilliance Chi (01114) from 'Neutral' to 'Buy' and lowered its target price from HKD 4 to HKD 3.5. The company is expected to distribute HKD 2 dividend per share in the next year, showing its willingness to repay shareholders through dividends and changing its investment theory. The bank believes that Brilliance Chi is different from other listed state-owned car companies as it no longer has a money-burning autos business and pays the most dividends due to its parent company's need for cash. Despite increasing competition from local peers and the challenges of transitioning to electric vehicles, it holds a 25% stake in Brilliance Auto.
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