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Former Theranos CEO Elizabeth Holmes on November 18, 2022 in San Jose, California.

Justin Sullivan | Getty Images

Disgraced Theranos founder Elizabeth Holmes will not go to prison this week, despite a judge’s order that she begin serving her 11-year sentence on Thursday.

Late Tuesday, Holmes’ attorneys appealed that ruling to the U.S. 9th Circuit Court of Appeals in San Francisco. Under the court’s rules, that means Holmes will remain free on bail for now.

Holmes, 39, has two children, the first of whom was born before her fraud trial in 2021. The second was born after her November sentencing.

A federal jury in San Jose, California, convicted Holmes last year on four counts of defrauding investors in her failed blood-testing company. In November, U.S. District Judge Edward Davila sentenced her to 11 years and three months in prison. Holmes’ attorneys asked that she be allowed to remain free on bail while she appeals her conviction, but earlier this month Davila denied that motion and ordered her to report to prison by April 27.

In their last-minute appeal, Holmes’ attorneys said Davila’s ruling contained “numerous, inexplicable errors,” including referring to “patient fraud counts” when Holmes was acquitted on the charges that she defrauded Theranos patients. They say she should be allowed to remain free while she appeals her conviction because the appeal is “likely to result in reversal.” The government has 10 days to respond to the motion.

Federal prosecutors have opposed Holmes’ efforts to remain free. In January, they argued Holmes was a flight risk, noting that she had booked a one-way flight to Mexico shortly before she was convicted. Davila agreed with defense lawyers that the plane ticket episode was merely an oversight, but he ruled that her appeal was unlikely to change the outcome of the case.

While Tuesday’s motion keeps Holmes out of prison for now, it may only be a brief reprieve. Holmes’ mentor and former boyfriend, Ramesh “Sunny” Balwani, convicted in a separate trial last year, also sought to remain free pending his appeal, and he appealed to the 9th Circuit when Davila denied his motion. But the appeals court turned down his request within three weeks. Last week, Balwani, 57, reported to a low-security federal prison in Los Angeles to begin serving his nearly 13-year sentence.

Holmes’ appeal of her conviction, filed last week, argues that Holmes could not have knowingly misrepresented her supposedly “revolutionary” blood-testing technology to investors because she genuinely believed the product worked.

“Highly credentialed Theranos scientists told Holmes in real time the technology worked. Outsiders who reviewed the technology said it worked. Theranos’ groundbreaking developments received many patents,” the appeal said.

Her attorneys argued that the government’s case “largely parroted the public narrative,” first laid out in a series of negative Wall Street Journal articles in 2015, that Holmes knowingly committed fraud.

The appeal challenges multiple rulings by Davila on evidence and witnesses, including allowing a former Theranos lab director to testify as an expert witness. This week, the National Association of Criminal Defense Lawyers filed a brief in support of Holmes’ appeal.

The organization argued that the government abused the rules on expert testimony in Holmes’ case, and that it is part of a trend.

“This sleight of hand is, regrettably, common,” attorney Brian Goldman wrote. “The government has previously subverted the requirements of the federal rules, and blurred the distinction between expert and lay testimony.”

The government has until May 3 to respond to Holmes’ appeal of the conviction.

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Chinese EV startup Xpeng delivers over 30,000 cars for a fourth straight month

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Chinese EV startup Xpeng delivers over 30,000 cars for a fourth straight month

The flagship store of Xiaopeng Motors in Shanghai, China, on Feb. 18, 2025.

CFOTO/Future Publishing via Getty Images

Chinese electric car company Xpeng delivered more than 30,000 cars for a fourth-straight month in February, as its mass-market brand helped the company stand out in an otherwise tepid market.

Xpeng delivered 30,453 cars last month, including more than 15,000 units of its lower-priced Mona vehicle, the company said over the weekend.

Deliveries of the Mona M03, which include a basic driver-assist system, have topped 15,000 a month since December, according to company figures. Xpeng also said strong demand for driver-assist propelled deliveries of its P7+ electric sedan to more than 30,000 less than three months since its launch in November.

Looking ahead, Xpeng’s planned new vehicles also give the company “a good chance to extend its solid delivery momentum,” Nomura analysts said in a Sunday note.

The January to February period tends to be seasonally soft for Chinese car sales since it coincides with the week-long Lunar New Year, the country’s biggest holiday of the year. The local auto market remains highly competitive as traditional automakers and new entrants have rushed to cut prices and launch vehicles with new tech features.

China's EV overcapacity is a bigger issue for Japanese automakers than Korean ones

Chinese smartphone company Xiaomi delivered more than 20,000 electric cars for a fifth straight month in February. The company last week slashed the starting price of its luxury electric sedan, the SU7 Ultra, to 529,900 yuan ($72,750), down from 814,900 yuan ($111,878).

The SU7’s “new order situation is even better than actual sales,“ Nomura analysts said, citing its own industry survey. That means the only challenge for Xiaomi is its ability to produce enough cars, the analysts said.

Figures on Tesla‘s China deliveries are typically released around the middle of the month.

Industry giant BYD reported 318,233 new energy vehicle passenger car sales in February, up slightly from the prior month. The company last month announced it was rolling out driver-assist across a range of its cars and integrating artificial intelligence from DeepSeek.

Geely-owned Zeekr delivered 14,039 units in February, up from the 11,942 delivered the previous month, according to company figures.

EV brands that struggled in February

However, deliveries of several other major Chinese electric car brands declined over that time.

Li Auto deliveries fell to 26,263 units last month, from 29,927 in January, according to the company. Its premium-priced vehicles have been popular with Chinese consumers since they come with a fuel tank for extending the battery’s driving range. Last month, Li Auto revealed the exterior design of its first fully battery-electric SUV.

Nio deliveries dropped to 13,192 units in February, down from 13,863 the month before. The company announced a five-year, 0% interest plan on Feb. 1 in a bid to boost sales.

Aito, the Seres-owned brand that uses Huawei technology, reported its lowest deliveries in a year, at 21,517 units in February, according to CNBC analysis of publicly available figures.

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Lenovo teases solar-powered and foldable screen laptops in latest concept

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Lenovo teases solar-powered and foldable screen laptops in latest concept

The Lenovo ThinkBook ‘flip’ concept. The screen is able to fold once horizontally to create two different screen spaces.

CNBC: Lenovo Flip PC

Lenovo on Monday showed off a laptop with a foldable screen and one that can get extra battery life from solar power.

These laptops are just concepts, meaning they are not commercially available. Lenovo, the world’s biggest PC maker, has a history of showing off imaginative concepts with some becoming reality, so it’s worth keeping an eye on what the Chinese technology giant is up to.

For example, Lenovo previously showed off the idea of a rollable laptop — one where the screen rolls upwards to increase the size of the display. The company will begin selling such a laptop this year.

The latest concepts were unveiled at the Mobile World Congress trade show in Barcelona.

Foldable laptop screen

The Lenovo ThinkBook ‘flip’ concept is a laptop with a foldable screen. When fully unfolded, the screen is an 18-inch display.

The screen can then be folded in half horizontally to create two screens — one on the front and one on the back.

The entire display can be folded down flat so the laptop turns into a tablet-like device.

The Lenovo ThinkBook ‘flip’ concept unfolds into an 18-inch display.

Arjun Kharpal | CNBC

Foldable displays are not new. Consumer electronics players like Samsung and Honor have launched smartphones with foldable displays. Huawei even sells a smartphone with a trifold screen.

But foldable screens of this size and on laptops are uncommon.

There’s plenty more work Lenovo will likely need to do before this can be commercialized including improving the durability of the display.

Solar powered laptop

The Lenovo Yoga Solar PC is another concept device shown off at Mobile World Congress in Barcelona in 2025. It has solar panels on the pack which Lenovo says can give the user extra battery life.

Arjun Kharpal | CNBC

The Lenovo Yoga Solar PC is the company’s other concept device named after its line of Yoga laptops.

The product has solar panels on the back. These are able to absorb light.

While the PC still works with a traditional charger, the idea is that the solar power can give the user an extra bit of battery when the device is running low and there may not be access to a charging point.

Lenovo said that the solar panels can absorb even ambient light in a person’s surroundings to give a user an extra hour of laptop use at the end of an eight-hour work day.

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Xiaomi to sell EVs globally ‘within the next few years’ after launching $73,000 premium car

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Xiaomi to sell EVs globally 'within the next few years' after launching ,000 premium car

The Xiaomi SU7 Ultra on display at the Xiaomi store in Hangzhou, Zhejiang Province, China, Feb 27, 2025. Xiaomi’s first luxury model, the SU7 Ultra, will be officially launched on the evening of February 27. 

Cfoto | Future Publishing | Getty Images

BARCELONA — Xiaomi plans to begin selling its electric vehicles outside of China “within the next few years,” company President William Lu said on Sunday.

Lu made the announcement at Xiaomi’s product launch at the Mobile World Congress in Barcelona. While there were no concrete timelines, his comments underscore the Chinese technology giant’s ambitions in the global EV market to take on players like Tesla.

“I cannot share too many details but I am so excited to tell our global users that Xiaomi will be releasing EVs for the sale in global markets within the next few years,” Lu said.

This week, Xiaomi launched its first premium EV in China called the SU7 Ultra, which starts at 529,000 Chinese yuan ($72,627). Lu said the car racked up 15,000 orders in 24 hours and will be on display at the company’s booth at MWC.

It’s only Xiaomi’s second electric car after its announcing its foray into the EV segment in 2021. The company’s first vehicle, called the SU7, was launched last year in March. The company, which is best-known as a smartphone player, only sells its EVs in China but it is the world’s third-largest smartphone vendor.

Xiaomi’s SU7 has been successful, with the company delivering more than 100,000 units last year.

Xiaomi’s EV boom, along with a recovery in smartphone sales, has helped the company’s stock, which is listed in Hong Kong, surge almost 300% over the last 12 months.

The Beijing-headquartered company is looking to ride that wave with a new high-end phone called the Xiaomi 15 Ultra launched on Sunday, which it hopes will challenge Samsung on a global stage.

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