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As of mid-September 2025, Chinese electric vehicle (EV) manufacturers face mixed fortunes. Tesla's sales in China have declined for six consecutive months, losing market share to domestic rivals like Xpeng and Xiaomi, which offer more affordable, feature-rich models. BYD, the largest Chinese EV maker, is expanding aggressively in Europe with new showrooms and local production to offset slowing domestic growth. Meanwhile, startups like AeroHT are pioneering flying cars, signaling innovation beyond traditional EVs. However, intense price wars and overcapacity continue to pressure profitability across the sector.
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Recent stories highlight diverse approaches to financial stability: a US worker juggling multiple remote jobs, a UK blogger building wealth through side hustles, and a Chinese graduate facing job loss. These narratives reflect ongoing economic pressures and adaptive strategies in 2025.
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Xiaomi announced its new 17 series smartphones, including the Pro and Pro Max models, featuring Snapdragon 8 Elite Gen 5 chips and Leica-backed cameras. The series aims to compete with Apple’s iPhone 17, offering high-end features at lower prices. The launch has generated strong consumer interest in China, with shelves quickly selling out.
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Xiaomi has launched a service allowing buyers to customize its electric sedans with unique trims and paint jobs, adding at least 100,000 yuan to the price. The move targets wealthy consumers seeking personalized vehicles, competing with European luxury brands like Porsche amid China's growing EV market.