What Does Xiaomi’s Entry Into the EV Market Mean?

Xiaomi, a Chinese technology giant and third-largest seller of smartphones worldwide, has announced its entry into the electric vehicle market with the launch of its first EV, Speed Ultra 7 (SU7). The move comes as global sales growth in electric vehicles has slowed down considerably due to a price war among rival companies.

The Features and Pricing of SU7

According to the company’s CEO Lei Jun, SU7 will be priced below 500,000 yuan ($69,186; £54,836) and will feature the same operating system as its other devices like phones and laptops. It is expected that this shared feature might appeal more to existing customers. The vehicle will be made by a unit of state-owned car manufacturer BAIC

Along with increased support from the government, the country’s rice productivity and output also increased. In 2023, Philippine rice production will exceed 20 million tons for the first time, an increase of 1.5% compared to 2022.

Previously, Mr. Phung Van Thanh – Vietnam Trade Counselor in the Philippines, commented that space and opportunities still exist for our country’s rice export enterprises to continue to exploit and expand markets, increasing export turnover. exported to the Philippines.

However, he also warned

Illegal weighing instruments are still legion. Yesterday, twenty-one scales as well as fifteen weights were seized during an unannounced raid at the Andravoahangy market. Market managers, representatives of the police as well as the Consumer Protection Directorate (DPC) within the Ministry of Commerce visited the site and noted these fraudulent commercial practices. They are commonplace despite the raids and efforts of all parties concerned. Consumers are also the first victims of these cases of scams, which have become

McKinsey is increasing the pressure on senior executives to move up – or leave. Arnd Wiegmann/Reuters

McKinsey has told some employees that the clock is ticking for a promotion, Bloomberg reports.

The memos follow a series of poor performance reviewswhich the company has recently distributed to its employees.

The consulting business is difficult at the moment because there are no orders.

This is a machine translation of an article from our US colleagues at Business Insider. It was automatically translated and checked by a real editor.

Employees in top consultancies are forced to prove their worth – or face the consequences. Management consultancy McKinsey & Co. has sent memos to some senior executives in North America warning them that the clock is ticking for a promotion, reports Bloomberg citing sources familiar with the matter.

The memos were sent to engagement managers and associate partners, who typically have eight or more years of professional experience, according to McKinsey job postings. They were reminded that it takes an average of two and a half years to get promoted in these positions, Bloomberg reports.

The underlying message: Get up or get out.

Some Mc

While you were celebrating Holi, Quick-Commerce was making records.

This time Holi fell on long weekend. Saturday, Sunday and Monday, three consecutive days off. People were in a very relaxed mood. Therefore, celebrated the festival with great enthusiasm. Meanwhile, whatever was in short supply was immediately ordered from Quick-Commer