Xiaomi's 'Thor' EV Racks Up 120,000 Orders in 36 Hours, Challenging Tesla
TL;DR Summary
Xiaomi, known for its smartphones, has entered the electric vehicle market with its first EV, the SU7 sedan, challenging Tesla in China. The company's CEO, Lei Jun, aims to compete with Tesla's Model 3, emphasizing the sedan's superior specifications and lower price. Despite initial losses on each vehicle sold, Xiaomi has received 120,000 orders for the SU7 within 36 hours, signaling a strong start in the competitive EV market.
- Smartphone maker Xiaomi switches from Apple to Tesla challenger as its first EV racks up 120,000 orders in 36 hours Yahoo Finance
- Xiaomi releases electric car $4K cheaper than Tesla's Model 3 as price wars heat up CNBC
- With China EV launch, Xiaomi's 'Thor' takes on Elon Musk Reuters
- Tesla has new competition with a Chinese EV priced lower than Model 3 Fox Business
- China’s Xiaomi joins the crowded EV race with ‘dream car’ to take on Tesla CNN
Reading Insights
Total Reads
0
Unique Readers
19
Time Saved
2 min
vs 3 min read
Condensed
86%
491 → 69 words
Want the full story? Read the original article
Read on Yahoo Finance