Reported 2 days ago
Xiaomi, traditionally a smartphone manufacturer, has rapidly emerged as a formidable player in the electric vehicle (EV) market by producing its first model, the SU7, within just four years. The company plans to deliver 300,000 vehicles this year alone, outperforming established automakers like Ford and GM. Led by CEO Lei Jun, who uses innovative manufacturing techniques and engages directly with consumers, Xiaomi is on a mission to redefine affordable EVs. As Chinese companies dominate global EV production, Xiaomi’s success reflects the evolving automotive landscape, posing an existential challenge to American car manufacturers.
Source: YAHOO