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Business丨NEVs give the lie to 'overcapacity'

CHINADAILY  · 公众号  · 时评  · 2024-04-27 10:27
The last time Tan Siyuan, 24, a freelance business manager who also assists in his family business of industrial equipment in Shanghai, found himself lining up for hours was to lay his hands on the then latest iPhone X model.That was several years back. After that, it's the recent launch of Xiaomi Corp's SU7 electric car that saw him lining up again, this time for over an hour.In Tan's view, the dekko at the latest sensation in the automobile market was well worth the time spent. He already owns a Mercedes-Benz E-Class. Yet, he wasted no time in placing an order for the SU7 after a test drive, fully aware its delivery might take months."The SU7's trendy style and performance made me feel it's worth every penny of its price, which, by the way, is very competitive," he said. Xiaomi's first car, he said, has already become a fashion icon, just like the iPhone X model was among his friends years ago.At a time when some countries, including the United States, blame China for so-called overc ………………………………

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