Chinese stock surges 22% in a month after declaring war on Tesla

Joining the electric vehicle (EV) race has been a long-standing dream of Apple (NASDAQ: AAPL), but, unfortunately for Tim Cook and his firm, a dream the big tech blue chip had to abandon in 2024 amid its own troubles and the broader slowdown of the EV industry.Across the Pacific, another technology giant proved undeterred by the current conditions and recently entered the Chinese EV market by launching its very first electric car – Xiaomi’s (HKG: 1810) SU7.Reports indicate that the model has proven an effec ...