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Chinese SUV Test Signals Threat to US Automakers

Automotive review platform Edmunds has tested a Chinese SUV for the first time and concluded that U.S. automakers face a credible competitive threat from China’s rapidly advancing vehicle technology.

The vehicle evaluated was the Geely Galaxy M9, produced by Geely. Despite being largely unavailable in the U.S. due to tariffs and regulatory barriers, the model was tested extensively in California, including a full 227-point assessment covering performance, range and usability.

Edmunds reported that the SUV delivers features and technology that rival — and in some cases exceed — vehicles currently sold in the U.S. market. The model includes a large infotainment display, advanced in-car features such as a built-in refrigerator and entertainment systems, and a hybrid system capable of delivering an estimated 800+ miles of range.

Notably, the Galaxy M9 starts at around $25,000 in China, yet performs comparably to significantly more expensive vehicles such as the Hyundai Palisade, Kia Telluride and Toyota Grand Highlander.

Although Chinese vehicles are effectively blocked from the U.S. market by tariffs approaching 100%, consumer interest is rising. Some buyers are reportedly exploring ways to import such vehicles indirectly through neighboring markets.

Industry analysts attribute China’s rapid progress to intense domestic competition, which has driven manufacturers to deliver highly advanced vehicles at aggressive price points. Meanwhile, Western automakers are beginning to respond, with companies like Ford and Stellantis planning new hybrid models to stay competitive.

The findings highlight a broader concern: if trade barriers ease or global competition intensifies further, Chinese automakers could significantly disrupt established markets.

Ferrari’s stock plunges 16% as new 2030 goals underwhelm despite EV reveal

Ferrari shares tumbled over 16% on Thursday, erasing nearly €13.5 billion ($15.7 billion) in market value, after investors were disappointed by the company’s 2030 financial targets unveiled alongside the debut of its first electric vehicle (EV) platform.

The luxury carmaker raised its long-term revenue goal to €9 billion by 2030, up from €7.1 billion projected for this year. However, analysts called the target “underwhelming” compared to market expectations. “People were expecting a higher top line,” CEO Benedetto Vigna said during the presentation in Maranello, adding that Ferrari preferred realistic goals over overpromising.

Ferrari also scaled back its EV ambitions, now targeting a 2030 lineup comprising 40% internal combustion engines (ICE), 40% hybrids, and 20% fully electric vehicles, compared to the 2022 plan that aimed for 40% EVs.

At the event, Ferrari unveiled the Elettrica, its first electric car, showcasing a production-ready chassis with in-house-designed battery packs and electric motors from its new “e-building” facility in Maranello. The car will feature over 1,000 horsepower and seat four but has no confirmed price or release date yet.

Analysts at Citi said the updated guidance “fell below consensus expectations,” triggering the sharpest one-day decline in Ferrari’s shares since early 2024.

The company reaffirmed plans to launch four new models annually between 2026 and 2030 and expand its luxury lifestyle business with “Tailor Made” centers in Tokyo and Los Angeles and flagship stores in London and New York.

Xiaomi Set to Unveil ‘Tesla Rival’ YU7

Xiaomi Prepares to Launch ‘Tesla Challenger’ YU7 Electric SUV

China’s tech giant Xiaomi is set to launch its highly anticipated YU7 electric sports utility vehicle (SUV) this Thursday, marking a significant step in the company’s expanding electric vehicle (EV) ambitions. Alongside the YU7, Xiaomi will also introduce other key products, including the Xring O1 mobile chip and the new Xiaomi 15S Pro smartphone, during the event. This launch comes after some disappointment from fans when the YU7 was notably absent from the Shanghai Auto Show last month.

The YU7 is widely viewed by industry analysts as a direct challenger to Tesla’s Model Y, which has dominated China’s EV market—the world’s largest by volume. Xiaomi entered the electric vehicle market only recently, with the launch of the SU7 sedan last year. Since then, the SU7 has reportedly outsold Tesla’s Model 3 on a monthly basis, highlighting Xiaomi’s rapid rise in the competitive EV segment. However, the company has faced setbacks, including a decline in SU7 orders following a tragic accident involving the model in March.

Lei Jun, Xiaomi’s founder and CEO, shared on his Weibo account that the upcoming launch event will showcase Xiaomi’s growing portfolio beyond EVs. The inclusion of the Xring O1 chip and the Xiaomi 15S Pro smartphone signals Xiaomi’s push to strengthen its hardware ecosystem, blending automotive, mobile, and smart devices into a connected future.

Meanwhile, competition in China’s smartphone market is heating up as rivals like Huawei and Apple increasingly rely on custom-designed chips to offer more integrated user experiences. Xiaomi’s move to develop its own mobile chip alongside its EV ambitions reflects the company’s broader strategy to diversify and deepen its foothold in both the automotive and technology sectors.