"Xiaomi's 'Thor' EV Draws Massive Crowds, Challenges Tesla in China"

Xiaomi's newly-launched all-electric sedan, the SU7, has attracted massive crowds at its stores across China, with reports indicating that the company has sold out its 2024 production capacity for the vehicle. Priced competitively and designed to rival the Tesla Model 3, the SU7 has garnered significant interest, with photos showing long lines at Xiaomi stores reminiscent of Tesla's Model 3 launch in China. Benchmarking favorably against the Model 3, the SU7 boasts a larger size and higher starting range, signaling a strong start for Xiaomi's electric vehicle business.