SoftBank Shares Slide as Oracle’s AI Spending Plans Fuel Market Jitters 
SpaceX Insider Share Sale Values Company Near $800 Billion Amid IPO Speculation 
Evercore Reaffirms Alphabet’s Search Dominance as AI Competition Intensifies 
US Charges Two Men in Alleged Nvidia Chip Smuggling Scheme to China 
Trump Signs Executive Order to Establish National AI Regulation Standard 
Trello Outage Disrupts Users as Access Issues Hit Atlassian’s Work Management Platform 
Intel’s Testing of China-Linked Chipmaking Tools Raises U.S. National Security Concerns 
Strategy Retains Nasdaq 100 Spot Amid Growing Scrutiny of Bitcoin Treasury Model 
Australia Enforces World-First Social Media Age Limit as Global Regulation Looms 
Mizuho Raises Broadcom Price Target to $450 on Surging AI Chip Demand 
Nvidia Weighs Expanding H200 AI Chip Production as China Demand Surges 
Australia’s Under-16 Social Media Ban Sparks Global Debate and Early Challenges 
SpaceX Begins IPO Preparations as Wall Street Banks Line Up for Advisory Roles 
Coca-Cola’s Proposed Sale of Costa Coffee Faces Uncertainty Amid Price Dispute 
U.S.-EU Tensions Rise After $140 Million Fine on Elon Musk’s X Platform 
SoftBank Eyes Switch Inc as It Pushes Deeper Into AI Data Center Expansion 
ANZ Faces Legal Battle as Former CEO Shayne Elliott Sues Over A$13.5 Million Bonus Dispute 
Geely is taking direct aim at BYD with its newly launched Xingyuan EV, a low-cost electric vehicle designed for city life. The launch comes with a unique promotion: free ice cream for test drivers, making this release as sweet as it is strategic.
Geely's Latest EV Takes Aim at BYD’s Market
Tuesday was the official launch day in China for the new Geely vehicle. Electrek states that by 2025, Geely intends to have launched ten electric vehicles (EVs) across several categories under the Geome (Geometry) brand, which was unveiled in 2019.
Even though the brand debuted on its own as "Geometry," Geely eventually took over once sales dropped. The new Xingyuan electric vehicle is Geely's hope for a turnaround.
Urban Design Features Highlighted in Geely’s Xingyuan
The Xingyuan EV showcases the latest design philosophy of the brand. Geely claims it is ideal for city travel thanks to its basic appearance and oval headlights and taillights.
Sea salt blue, basil green, berry powder, milk white, mousse silver, truffle gray, and vanilla beige are some of the selections.
BYD Dolphin Faces New Competition in Size and Price
Similar in size to BYD's Dolphin (4,125 mm long, 1,770 mm wide, 1,570 mm tall), Geely's new affordable EV measures 4,135 mm in length, 1,805 mm in width, and 1,570 mm in height.
Compared to the Dolphin, which offers up to 1,310 L of luggage capacity when the second-row seats are folded, the new EV offers up to 1,320 L. A 70 L trunk is also part of it.
Geely’s Xingyuan Expected to Undercut BYD Dolphin's Price
The Xingyuan EV is anticipated to begin at approximately $11,200 (80,000 yuan); however, Geely has not yet revealed pricing. The BYD Dolphin starts at $13,900 (99,800 yuan), so if that's the case, it would be cheaper.
You can choose between a 30.12 kWh or 40.16 kWh CATL-made battery for the new model. The former has a CLTC range of up to 192 miles (310 km), while the latter has a range of up to 255 miles (410 km).
Q3 Launch Targets BYD's Market Share
Quarter 3, which ends this month, is when Geely announced the new affordable EV will be launched. The folks over at CarNewsChina have their pricing estimates at roughly $11,200 (or 80,000 yuan).
In an effort to entice customers to try out their new affordable electric vehicle, Geely has partnered with Haagen-Dazs to provide ice cream as an incentive.
