Porsche loses ‘premium’ tag in China, thanks to ‘smarter’ tech at budget price

BERLIN: After decades of dominating China’s market for high-performance cars with precision engineering, German automakers are losing out to Chinese rivals that have shifted the definition of a high-end car to one that is electric, smart and affordable.Many new Chinese vehicles resemble their German rivals, including the popular Xiaomi SU7, which mimics Porsche’s Taycan. The…

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Tesla expands operations in India: Job openings signal market entry

NEW DELHI: Tesla Inc. has initiated recruitment in India, indicating its imminent market entry following the meeting between Prime Minister Narendra Modi and its chief executive officer Elon Musk in US.The company advertised 13 positions on its LinkedIn page on Monday, encompassing both customer-facing and administrative roles.The available positions were distributed across Mumbai and Delhi,…

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