After not even a full year of being on sale, Xiaomi's SU7 electric sports sedan is rapidly grabbing Chinese market share.

"We actually no longer call it EV. We call it EIV. 'I' stands for intelligent," Pan Jian, a cochair of CATL, told a WEF panel in Davos, Switzerland.

Xiaomi recently announced that the Xiaomi SU7 had surpassed the Tesla Model 3 in terms of vehicle deliveries in December 2024, thereby achieving a position among the top 5 in China's electric vehicle (EV) sedan sales list.

Tesla's long-awaited "Juniper" refresh of the Model Y has just launched in China.

The Juniper facelift for Tesla’s midsize crossover will take some time to appear in all regions, and the US is not at the head of the line.

Tesla will increase prices for all its cars in Canada starting February 1, with notable hikes for the Model 3 by as much as C$9,000. Prices for Model Y, Model S, and Model X will also rise. The reason for the increase remains undisclosed.

Han Zheng is scheduled to attend the celebrations in Washington D.C. on Monday and is the most senior Chinese official to attend a U.S. inauguration.

The better-looking Model Y will probably be coming to the U.S. soon, but Tesla doesn't really confirm these things anymore.

It’s Day One of the new Trump Administration. As the new president takes the oath of office in the Capitol rotunda shortly after midday, one person will likely be pleased with how things are going so far: Xi Jinping, president of China. That’s for three reasons:

Visual changes to the updated Model Y, which was the best-selling global vehicle in 2023, include front and rear light bars that echo the wildly styled Tesla Cybertruck.

Chinese Vice-President Han Zheng has held talks with the US vice-president-elect J.D. Vance and tech billionaire Elon Musk at separate meetings in Washington ahead of Donald Trump's inauguration, with both sides reaffirming their commitment to a "long and fruitful" relationship.

By any measure, China’s EV growth has been extraordinary — more than half of new cars sold last year were electric. The global implications could be staggering.