"Xiaomi's 'Thor' Challenges Tesla with Competitive Priced EV in China"
TL;DR Summary
Chinese consumer electronics company Xiaomi has introduced its electric SU7 sedan, priced at around $30,000, to compete with Tesla's Model 3 in China. The SU7 boasts a 435-mile range on a single charge, surpassing the Model 3's reported 379-mile range. With 50,000 customer orders in less than 30 minutes, Xiaomi's entry into the EV market marks a significant challenge for Tesla in the competitive Chinese electric vehicle market.
- Tesla has new competition with a Chinese EV priced lower than Model 3 Fox Business
- With China EV launch, Xiaomi's 'Thor' takes on Elon Musk Yahoo Finance
- Xiaomi releases electric car $4K cheaper than Tesla's Model 3 as price wars heat up CNBC
- China to challenge Biden's electric vehicle plans at the WTO The Associated Press
- Xiaomi Prices First EV Competitively, Seeks Pole Position in Crowded Market The Wall Street Journal
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