Xiaomi pops up again as rivals shift EV bets and AI tech battles heat up; Chinese giant known for phones, gear, and now EVs. Xiaomi, Beijing-based, co-founded by Lei Jun.
Chinese automakers have accelerated global expansion in 2026, showcasing rapid advances in batteries, charging and autonomous tech at the Beijing Auto Show while exports have surged. BYD, Geely and CATL have rolled out ultra-fast charging batteries and chargers; Geely is exploring US production through Volvo; legacy automakers are reorganising to respond to the pressure.
Ferrari has unveiled its first fully electric model, the Luce, designed with Jony Ive and Marc Newson, priced at €550,000 ($640,000). The car has sparked a divide: praise for its four-motor performance and design, but criticism online over styling. The company is pursuing global rollout with a focus on the US and China, reflecting divergent market dynamics.