"Xiaomi's Electric Car Challenges Tesla in China's EV Market"
TL;DR Summary
Xiaomi, known for its smartphones, has entered the electric vehicle market with its first EV, the SU7 sedan, challenging Tesla in China. The company's CEO, Lei Jun, aims to compete with Tesla's Model 3, boasting better specifications and a lower price. Despite initial losses on each vehicle sold, Xiaomi has received 120,000 orders for the SU7 in 36 hours, signaling a strong start in the competitive EV market.
- Smartphone maker Xiaomi switches from Apple to Tesla challenger as its first EV racks up 120000 orders in 36 hours Fortune
- Xiaomi: Chinese smartphone giant takes on Tesla BBC.com
- With China EV launch, Xiaomi's 'Thor' takes on Elon Musk Reuters
- Xiaomi releases electric car $4K cheaper than Tesla's Model 3 as price wars heat up CNBC
- Tesla has new competition with a Chinese EV priced lower than Model 3 Fox Business
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