In a significant move that could reshape the electric vehicle (EV) landscape in China, Xiaomi, a giant in the smartphone industry, has announced its foray into the EV sector. This development marks a pivotal moment in the automotive industry, particularly in the Chinese market, where competition is already fierce with players like Tesla and BYD dominating the scene. Xiaomi’s entry into the EV market is not just a diversification strategy but a well-calculated move to leverage its technological prowess in a rapidly growing sector. The company has recently applied for a license to sell EV cars in China, as reported … Continue reading Xiaomi’s Electric Leap: SU7 Series Set to Electrify China’s EV Market