The annual report shows that in 2023, Faraday Future had revenue of $800,000 and a cost of sales of $43 million, both of which were zero in the same period of the previous year.
Li Auto's representatives have confirmed a substantial reduction in their workforce. The total number of employees has fallen from its peak of over 30,000 to around 22,000 during the latest layoff period.
The company will also consider cooperating with a local manufacturer to build a factory in Europe, but NIO first needs to increase its sales in Europe, says Li Bin.
Wang Naiyan, the former CTO of TuSimple China, will join Xiaomi Auto and report to Ye Hangjun, Chairman of the Xiaomi Technical Committee and head of Xiaomi Auto's autonomous driving.
On May 15th, BYD held a press conference in Mexico to officially launch the "SHARK" pickup truck, which will be sold in the Americas, Australia and other regions in the future.
Media reports state that the first strategic investment from a Hong Kong investment firm has been received by HiPhi, with company executives confirming plans to officially announce "resurrection" news at the end of April or early May.
Xiaomi CEO Lei Jun submitted the Xiaomi SU7 report card. As of April 24th, the number of locked orders for Xiaomi SU7 has exceeded 75,723 units; 5,781 units have been delivered.
