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Lei Jun, CEO of Xiaomi, shared that the gross profit margin of the Xiaomi SU7 is approximately 5% to 10% with good support from its suppliers, at Xiaomi’s 2024 Investor Day on April 23 in China. Lei Jun further added that the specific margin figures need to be confirmed again since the sales volume is much higher than expected.
How’s the commute where you live? Chances are, it’s not as bad as the daily drives experienced by people living in Oakland, Calif., or Miami, Fla. A new study from Forbes Advisor outlines the worst cities in the country for driving, and some of the names on the list likely won’t come as much of a shock.
Car insurance is a familiar concept to all of us: Almost every state in the union requires automobile insurance for drivers to legally operate a vehicle on public roads. Uninsured motorists, if caught, will be ticketed and fined, but more important, if they're involved in an accident they'll pay high repair costs, or even medical bills, and could potentially face financial ruin. So, insurance isn't just a requirement, it's a no-brainer. Most car insurance policies typically cover you for a year. But what if you need it for a shorter period — just a week or a month? There is a lesser-known product for that, called temporary insurance.
It feels a bit silly criticizing the interior of a vehicle as expensive as theAston Martin DBX. I can't even afford to insure one, never mind buy one, what do I know about luxury car interiors? However, I never felt that the DBX's interior had the same wow factor as its exterior. Until now, that is, as Aston Martin drastically updated the DBX707's cabin and it's finally as beautiful inside as it is outside.
► Smart motorways riddled with errors ► Powercuts, broken radar, tech gremlins galore ► Why smart motorways are being cancelled
Elon Musk has postponed his two-day visit to India. Originally scheduled to land in the country on April 21, the Tesla CEO was supposed to meet Prime Minister Narendra Modi on April 22, and discuss, among others, the USA-based electric vehicle (EV) manufacturer's plans to enter the world's third-largest car market.
The average price for a gallon of gas was $3.67 this week. (iStock)
Following its preview in January this year, the GAC GS3 Emzoom has now been officially launched in Malaysia, and the B-segment SUV model is offered in two variants; Exclusive, and Premium-R, both in fully imported (CBU) form, priced at RM118,900 and RM128,900 on-the-road without insurance, respectively. This is the Chinese brand’s entry that competes with the likes of the Chery Omoda 5, Honda HR-V and Proton X50, among others.