News
China’s HiPhi Z looks to carve its own niche in a competitive EV market (Feature)
Only the remarkable survive in China’s hyper-competitive electric vehicle sector. Amidst the price war initiated by players like Tesla, analysts have stated that some of the country’s automakers may not survive. HiPhi, a young company that has made some waves in China’s premium segment, intends to be one of the country’s prime carmakers, even after the price war.
It is then pertinent for HiPhi to ensure that its second flagship, the Z, is compelling enough that potential buyers would consider it over more established rivals. This is easier said than done. In the United States, one can see that the number of all-electric cars is steadily increasing. This situation is more pronounced in China, with 155 new battery electric and plug-in hybrid vehicles set to be unveiled this year alone.
HiPhi is headquartered in Shanghai, and the company launched in 2019 with the HiPhi X, an SUV. The X was quite successful, with the China Automotive Technology & Research Center noting that the all-electric SUV was one of the country’s best-selling premium EVs in 2021. The HiPhi Z is the company’s second vehicle, and it comes in the form of a shooting brake that’s available in both four-seat and five-seat configurations.
The Z is a pretty eye-catching car, with its aggressive lines and unashamedly futuristic exterior. But apart from its looks, it also has some bite. It features a total system power of 494 kW and 820 Nm of torque. The vehicle has an official 0-100km/h acceleration time of 3.8 seconds, which may seem underwhelming compared to some popular electric cars like the Model 3 Performance and Model S Plaid. But as per a longtime Tesla owner, the Z has some characteristics that warrant a serious look nonetheless.
Jason Man (known in the online electric vehicle community as Jay in Shanghai), has not only experienced Tesla’s lineup of electric cars. Being a longtime EV advocate, he has also tried out domestic electric vehicles like the NIO ET7, NIO ET5, and the ZEEKR 001. And in a conversation with Teslarati, he remarked that the HiPhi Z still stood out somewhat. It may not be as brutally quick as Tesla’s fastest cars, but it does offer something substantial to those who choose to get behind the wheel of the vehicle.
Jay was fortunate enough to take the Z around the track during the HiPhi Z Track Experience at Goldenport International Circuit in Beijing. Initially, attendees of the event were driven around the track by a professional driver, but they were also given the chance to take the Z around the track for a spin. HiPhi noted that it was still developing a dedicated Track Mode for the Z, but even as is, it was already quite capable around the track.
The longtime Tesla owner told Teslarati that the Z handled very well during its entire track run. It hugged the corners well, and it was surprisingly nimble despite its large size. Surprisingly enough, the Z was actually comfortable even at high speeds. Its ride was not harsh and NVH was also good.
“I was shocked at how well this car handles on the track. Even at the high speed section on the track, I felt fully in control of the car. It was very confident around the corners. I felt that the wider rear tires and active rear-wheel steering helped a lot with the handling, giving me excellent grip when cornering. This gave me the confidence to push the car to the limit,” the longtime EV owner said.
HiPhi has so far sold over 1,000 units of the Z this year, which is quite impressive considering that the vehicle itself sells for a premium at 610,000 yuan ($88,690). This hints that little by little, the company is establishing a presence in the Chinese market.
And just like leaders such as Tesla, it is only just getting its stride. As per the company in a comment to Teslarati, HiPhi’s next project is its most ambitious project yet: a five-seat family SUV called the HiPhi Y. That vehicle is poised to be more affordable, but the EV maker would have to dig deep to compete in that segment. China’s premium SUV segment, after all, is already home to another “Y” — the Tesla Model Y, which is one of the country’s best-selling premium SUVs.
Don’t hesitate to contact us with news tips. Just send a message to simon@teslarati.com to give us a heads up.
Elon Musk
SpaceX to launch Starlink V2 satellites on Starship starting 2027
The update was shared by SpaceX President Gwynne Shotwell and Starlink Vice President Mike Nicolls.
SpaceX is looking to start launching its next-generation Starlink V2 satellites in mid-2027 using Starship.
The update was shared by SpaceX President Gwynne Shotwell and Starlink Vice President Mike Nicolls during remarks at Mobile World Congress (MWC) in Barcelona, Spain.
“With Starship, we’ll be able to deploy the constellation very quickly,” Nicolls stated. “Our goal is to deploy a constellation capable of providing global and contiguous coverage within six months, and that’s roughly 1,200 satellites.”
Nicolls added that once Starship is operational, it will be capable of launching approximately 50 of the larger, more powerful Starlink satellites at a time, as noted in a Bloomberg News report.
The initial deployment of roughly 1,200 next-generation satellites is intended to establish global and contiguous coverage. After that phase, SpaceX plans to continue expanding the system to reach “truly global coverage, including the polar regions,” Nicolls said.
Currently, all Starlink satellites are launched on SpaceX’s Falcon 9 rocket. The next-generation fleet will rely on Starship, which remains in development following a series of test flights in 2025. SpaceX is targeting its next Starship test flight, featuring an upgraded version of the rocket, as soon as this month.
Starlink is currently the largest satellite network in orbit, with nearly 10,000 satellites deployed. Bloomberg Intelligence estimates the business could generate approximately $9 billion in revenue for SpaceX in 2026.
Nicolls also confirmed that SpaceX is rebranding its direct-to-cell service as Starlink Mobile.
The service currently operates with 650 satellites capable of connecting directly to smartphones and has approximately 10 million monthly active users. SpaceX expects that figure to exceed 25 million monthly active users by the end of 2026.
Elon Musk
Elon Musk’s xAI and X to pay off $17.5B debt in full: report
The update was shared initially in a report from Bloomberg News, which cited people reportedly familiar with the matter.
Elon Musk’s social platform X and artificial intelligence startup xAI are reportedly preparing to repay approximately $17.5 billion in outstanding debt in full.
The update was shared initially in a report from Bloomberg News, which cited people reportedly familiar with the matter.
Morgan Stanley, which arranged the debt financing for both companies, has reportedly informed existing lenders that X and xAI plan to pay back the full amount of the $17.5 billion debt. Bloomberg’s sources did not disclose where the capital for the repayment would be coming from.
X, formerly known as Twitter, assumed roughly $12.5 billion in debt during Musk’s acquisition of the company. xAI separately borrowed about $5 billion through bonds and loans last June. The two firms merged last year under xAI Holdings.
Bloomberg noted that portions of the debt are relatively recent and may carry early repayment penalties. xAI’s $3 billion in high-yield bonds are expected to be redeemed at 117 cents on the dollar, reflecting a premium since the debt was expected to stay outstanding for at least two years.
X has been servicing tens of millions of dollars in monthly debt payments, while xAI has reportedly been burning approximately $1 billion in cash per month as it invests heavily in data centers, chips, and AI talent. That being said, xAI also concluded a funding round in January, where it raised $20 billion of new equity.
The repayment plans come as Musk consolidates several of his businesses. SpaceX recently acquired xAI, making it a subsidiary as the company explores plans for space-based data centers. The combined entity has been valued at approximately $1.25 trillion.
Bloomberg previously reported that SpaceX is targeting a confidential IPO filing as soon as this month, potentially positioning the private space firm for a public listing later this year. Representatives for Morgan Stanley declined to comment, and X and xAI did not immediately respond to requests for comment.
News
Tesla Giga Berlin head calls out Handelsblatt’s claimed 2025 production figures
Andre Thierig, Senior Director of Manufacturing at Giga Berlin, published a detailed post on LinkedIn challenging several points made in the publication’s coverage of the Grünheide facility.
Tesla Gigafactory Berlin’s plant manager has publicly pushed back against recent reporting by German business publication Handelsblatt, which cited reportedly erroneous data about the factory’s production figures and financial performance.
Andre Thierig, Senior Director of Manufacturing at Giga Berlin, published a detailed post on LinkedIn challenging several points made in the publication’s coverage of the Grünheide facility.
In his LinkedIn post, Thierig called out Handelsblatt’s claim that 149,000 Model Y vehicles were produced at Giga Berlin in 2025. He noted that “the article is simply filled from front to back with false information and claims!
“I have to set the record straight here! In the last article about Tesla in Grünheide, the Handelsblatt speaks e.g. of 149,000 Model Ys built in 2025. WRONG!
“In 2025, we again produced over 200,000 vehicles. And this despite the fact that we stopped production in Q1 for the changeover to the new Model Y and then ramped it up again to 5,000 units per week over several weeks,” Thierig wrote.
He added that production increased each quarter in 2025 compared to the prior quarter and stated that more than 700,000 Model Y units have been produced at Grünheide since manufacturing began in 2022. For the first quarter of 2026, he stated that the factory is planning another production increase compared to the fourth quarter of 2025.
Thierig also questioned Handelsblatt’s reported 0.74% profit margin, writing that how the publication calculated the figure “remains reserved for their secret ‘calculation skills.’”
Beyond production data, Thierig highlighted Tesla’s broader footprint in Germany, stating that the company has invested more than €5 billion in Grünheide since 2020 and created nearly 11,000 permanent, above-tariff jobs. He added that Tesla is currently investing nearly €100 million into battery cell production at the site, which is expected to generate several hundred additional positions.
In a follow-up comment, Thierig noted that he did communicate with the publication’s editor-in-chief in an effort to “start fresh,” but he was informed that Handelsblatt’s current approach works just fine.
“Last year, I spoke to a representative of the Handelsblatt editor-in-chief and suggested that we “start anew” again. Handelsblatt turned down this offer on the grounds that their current approach works well for them,” Thierig noted.
Sönke Iwersen, Head of Investigative Research at Handelsblatt, responded to Thierig’s post, stating that the newspaper’s figures were based on Tesla’s own annual financial statements for the Grünheide entity.
He cited reported 2024 revenue of €7.68 billion, operating profit of €156.8 million, and net income after taxes of €55.6 million. Iwersen also referenced prior public comments from Elon Musk about Cybertruck demand, noting the gap between reported pre-orders and subsequent annual sales figures.
He also stated that the works council election eligibility figures Giga Berlin had dropped to 10,703 employees today from 12,415 two years ago.
“As far as production figures are concerned, these are figures from the data service provider Inovev. This is also stated in the article. Please compare this with Elon Musk’s information on demand for the Cybertruck. According to Musk, there were one million pre-orders. In the first year, 39,000 units were sold, in the second year 20,000. How can this be explained? With a million pre-orders?
“You yourself have repeatedly pointed out in recent months that no jobs would be cut in Grünheide because Tesla is different from the competition. Now a new works council is being elected in Grünheide. 10,703 people are eligible to vote. Two years ago, 12,415 people were eligible to vote. So there were exactly 1712 fewer from 2024 to 2026,” Iwersen wrote.
SpaceX to launch Starlink V2 satellites on Starship starting 2027
Elon Musk’s xAI and X to pay off $17.5B debt in full: report
