Chinas - eriinfo

China’s Xiaomi sees shares soar to record highs

eriinfo.com1 year ago05 mins

People check out an electric SUV Xiaomi YU7 at a Xiaomi Store in Hangzhou in east China’s Zhejiang province Thursday, June 26, 2025. Feature China | Future Publishing | Getty Images Hong Kong-listed shares of China’s Xiaomi surged over 5% to hit a record high on Friday, a day after its electric car drew a strong…

China’s car factories run cold as price war masks deep overcapacity

eriinfo.com1 year ago05 mins

China’s long-running car price war is overshadowing a deeper problem for the nation’s automotive industry: persistent overcapacity. Despite a slight uptick in recent years, more than half of production capacity lay idle in 2024. In an industry capable of making 55.5 million vehicles annually, overall capacity utilisation last year was just 49.5%, data compiled by…