Chinese tech company Huawei and automaker Chery Auto deliver the Luxeed S7 electric sedan amid semiconductor shortages; priced similarly to Tesla Model S.

Chinese tech company Huawei and automaker Chery Auto have started mass deliveries of their Luxeed S7 electric sedan, despite facing semiconductor shortages and production issues. The vehicle, priced at 249,800 yuan ($35,152), is a rival to Tesla Model S in terms of price. Huawei's smart car unit, planned to be spun off into a new company, is expected to turn a profit by April after losing billions of yuan in the past year.

March 30, 2024
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