Huawei-Backed Maextro Delivers 17,000 Luxury EVs As China Targets Rolls-Royce
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Chinese automakers, led by Huawei-backed Maextro, are entering the luxury EV market with the Maextro S800, priced between $104,000 and $173,000. Over 17,000 units have been delivered since its launch, targeting buyers interested in advanced technology over traditional luxury brands. China's vehicle exports surged from one million in 2020 to over seven million last year, positioning it as the largest car exporter. Maextro plans to introduce an ultra-premium model nearing $300,000, intensifying competition for European luxury brands.
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