China shipments fell to 14.9 million handsets in the quarter ended March from 30.1 million in the same period last year, according to research firm Canalys. Outside China, Huawei shipped 3.7 million units.
Its market share slumped to 16% from 41% a year ago, while Vivo and Oppo saw their shipments grow 79% and 65%, respectively. Vivo shipped 21.6 million units in the first quarter, while Oppo shipped 20.6 million.
The move could give the fledgling US electric vehicle industry a big boost by granting it fresh incentives and a new revenue stream. But the idea would introduce new actors like Tesla Inc into a program that has already bitterly divided the oil and corn industries.
Electricity from biogas is already technically eligible for generating RINs under the RFS, but the EPA has never approved applications to do so because the agency hasn't yet figured out the logistical issues.
At a livestreamed event held on Tuesday, Xiaomi CEO Lei Jun, who will also head the smart EV unit, said the division will be the "last major entrepreneurial project" in his life.
The firm will initially invest 10 billion yuan ($1.52 billion) in the unit, with a total investment goal of $10 billion over the next ten years, it said in a filing published earlier on the Hong Kong stock exchange.
Pakistan's Daewoo Express Pakistan, China's Skywell Automobiles and Sweden's Hitachi ABB Power Grids signed a Memorandum of Understanding (MoU) on Thursday to revolutionize Pakistan's transport sector.
"The EV sector feels like it's going through a correction. Lucid's SPAC-IPO probably (is) driving circular negative reinforcement."
We think Tesla has been valued for teleportation, so the correction is probably a very healthy thing. This allows investors to watch for potential entry points in names they feel they might have missed.