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Smaller players are launching affordable models in a fight for survival amid an overcapacity struggle.

Already active in several markets, the startup expects to exceed RMB 100 million in GMV by year’s end.

After another cash infusion, the onus is on the EV maker to prove it can turn a profit.

After two decades shaping wireless and consumer tech, he now leads one of the world’s top EV battery suppliers.

The incident adds reputational pressure at a time when the brand is already contending with slowing growth.

Wang Zhan steps in as co-CEO, betting on Sunrise to develop chips that can take on Nvidia.

The service aims to drive traffic to merchants while giving diners more choice.

The move boosts control over pricing and customization, giving the EV maker a stable, branded supply of core components.

Users, merchants, and employees welcome the reprieve but brace for changes under potential new ownership.

Xibei has apologized and pledged greater transparency, but draft national standards and growing capital inflows point to a market too big to stop.