BEIJING -- A Chinese electric-vehicle company backed by Tencent Holdings Ltd. and Foxconn Technology Group has hired a team of managers from BMW Group's i subbrand, according to people familiar with the matter.
BEIJING -- A Chinese electric-vehicle company backed by Tencent Holdings Ltd. and Foxconn Technology Group has hired a team of managers from BMW Group's i subbrand, according to people familiar with the matter.
Despite discounts by brands such as Ford and Stellantis, the average new-vehicle price rose 2.5 percent in April, and more increases are expected.