ConsumerDemand

Xiaomi Expands Its Electric Vehicle Factory in Beijing to Meet Rising Demand

10 days ago

In a significant move to capitalize on the booming electric vehicle (EV) market, Xiaomi Corp. has revealed plans to expand its electric vehicle production facility located in Beijing. The tech giant, known primarily for its smartphones and consumer electronics, aims to ramp up production to keep pace with the surging consumer demand for electric vehicles.

Watches of Switzerland Shares Surge on Positive Demand Signals

4 months ago

In a notable boost for the luxury watch retailer, Watches of Switzerland Group has witnessed a significant increase in its share prices as indications of an upward trend in consumer demand become apparent. The company, which specializes in high-end watch brands, reported a sharp rise in its stock, reflecting optimism in the market concerning economic recovery and luxury spending.

Hon Hai's October Sales Growth Slows, Reflecting Weak Global Demand for iPhones

5 months ago

In a recent financial disclosure, Hon Hai Precision Industry Co., better known as Foxconn, revealed a significant slowdown in its sales growth for the month of October. This dip has been attributed to a decrease in global demand for Apple's iPhones, which constitute a major portion of the company’s revenue stream. As one of the largest manufacturers of electronic components and assembly services for Apple, the performance of Hon Hai is often viewed as a barometer of market trends influenced by consumer behavior.

China's Car Dealerships Facing Staggering Losses of Almost $20 Billion in 2024

6 months ago

The automobile sector in China is going through the worst financial crisis ever, as car dealerships across the country stare at a total loss of almost US$20 billion this year. That is an astronomical figure and a strong blow to an industry that was just trying to recover from the residual effects of the COVID-19 pandemic, disrupted supply chains, and the slowdown in general economic growth.