Xiaomi: The Chinese smartphone giant taking on Tesla - BBC News
Xiaomi's entry into the electric car market comes as a price war has been intensifying.
47 minutes agoShareclose panelShare pageCopy linkAbout sharingImage source, Getty ImagesImage caption, The SU7 is technology giant Xiaomi's first electric carBy Mariko OiBusiness reporterChinese smartphone maker Xiaomi has launched its first electric vehicle (EV) and will begin taking orders.
The company's chief executive Lei Jun said the Speed Ultra 7 (SU7) would be priced at 215,900 yuan ($29,900; £23,600).
The move sees the technology giant taking on EV rivals including Tesla and BYD.
Xiaomi's entry into the electric car market comes as sales growth has slowed globally, triggering a price war.
The firm is hoping that the SU7's shared operating system with its phones, laptops and other devices will appeal to existing customers.
https://www.bbc.co.uk/news/business-68672192
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