Xiaomi vs Tesla: Chinese smartphone giant’s surprising move
Xiaomi Launches First Electric Vehicle, Enters Competitive Market BEIJING — Breaking into the electric vehicle (EV) market, Chinese smartphone giant Xiaomi is set to unveil its first EV, the Speed Ultra 7 (SU7), with orders opening on Thursday. Xiaomi’s CEO Lei Jun announced that the SU7 would be priced below 500,000 yuan ($69,186; £54,836), putting ...