Dreame Abandons Electric Hypercar Project, Lays Off Most Staff

Chinese consumer electronics firm Dreame is shutting down its electric hypercar project, which promised 0-100 km/h in 0.9 seconds and a solid-state battery. The project, launched about a year ago, is being wound down with most of its nearly 1,000 employees let go. This marks a significant retreat from an ambitious automotive venture, highlighting the challenges of entering the hypercar segment.