Xiaomi desires huge in EVs, plans to tackle Tesla with a large SUV set to launch in summer time ’25 – Firstpost

Xiaomi desires huge in EVs, plans to tackle Tesla with a large SUV set to launch in summer time ’25 – Firstpost

The YU7 represents a major step in Xiaomi’s $10 billion EV undertaking, which billionaire founder Lei Jun has described as his remaining entrepreneurial enterprise. The corporate entered the EV market earlier this 12 months with the SU7 sedan, a $30,000-plus car paying homage to Tesla’s Mannequin 3 learn extra Xiaomi is making daring strikes within…

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Xiaomi’s shares jumped a document 103%, powered by its newest EV ventures – Firstpost

Xiaomi’s shares jumped a document 103%, powered by its newest EV ventures – Firstpost

The corporate’s fast success within the EV market mirrors its meteoric rise within the smartphone trade. Xiaomi’s first smartphone, launched in 2011, rapidly propelled it into the ranks of worldwide giants like Apple and Samsung. Now, the corporate’s EV enterprise is following an identical trajectory learn extra Xiaomi Corp. is driving excessive on the success…

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