Microvast makes EV batteries used in electric trucks

Microvast zooms with turbocharged margin gains

The EV battery maker reported a huge increase in its gross profit margin last year, a significant achievement that can help it stand out in a crowded field Key Takeaways:…

TikTok in limbo, and Xiaomi’s EV crisis

Two prominent Chinese tech giants, TikTok and Xiaomi, currently face separate but equally critical crises, each testing their resilience overseas and at home. While TikTok battles regulatory uncertainty in the U.S. amid national security concerns, Xiaomi is confronting repercussions of a tragic accident involving its electric vehicles and autonomous driving technology.