Electric Vehicles

The pivot toward Indonesia and the Middle East comes as European demand cools.

Instead of competing in the crowded EV market, Jixun aims to reinvent the electric tricycle as a path to international growth.

The five-seat electric SUV is generating demand in showrooms, winning buyers who might otherwise choose Tesla’s Model Y or Xiaomi’s YU7.

The so-called BYD of motorbikes will offer vehicles with a range of 60 kilometers at prices 30% lower.

Smaller players are launching affordable models in a fight for survival amid an overcapacity struggle.

After another cash infusion, the onus is on the EV maker to prove it can turn a profit.

The move boosts control over pricing and customization, giving the EV maker a stable, branded supply of core components.

The alliance is betting on scale to reach its goals, though overlap within its lineup poses risks.