News

The state-owned automaker is struggling against EV rivals like BYD and Geely.

The group aims to stabilize its revenue by operating a new facility in China’s vast western region.

The EV maker hopes its in-house strategy will help cut costs and break an eight-month sales slump.

The continued price war in China drags the automaker’s margin into single digits.

The video model has become a key growth driver for ByteDance’s AI business.

The financing is being viewed as a pre-IPO round, with Kling’s pre-money valuation equal to about two-thirds of Kuaishou’s market value.

The company is moving beyond traditional robots into higher-value systems designed for smart manufacturing.

Here’s a roundup of key developments across the Middle East for the week of May 24–30.