China’s Xiaomi (1810.HK, XIACY) is entering the electric vehicle market after investing over $1.5 billion into developing its first EV model, the Xiaomi SU7. The consumer tech manufacturer, known for smartphones and electronics, aims to become a top automaker within 15 to 20 years per CEO Lei Jun’s recent statements.
Yahoo Finance Autos Reporter Pras Subramanian analyzes Xiaomi’s goal, discussing the SU7’s positioning and its similarities to luxury EVs currently on the market.
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Planning doesn’t Guarantee you funding when you just barely came in. For you to do that this late of the stage is kind of pointless. On top of that It is retarded for anyone yo invest in this. You might as well try your luck with rivian or lol lucid. They at least have a ev factory
The Electric Car Age has been begun.
This model is being built in partnership with BAIC in a new facility with 200k annual production capacity.
How much of this 200k capacity will be given to Xiaomi?
Apple?
apple is developing a charger
Interesting looking SUV there Yahoo.
Xiaomi the money !
Question is Will Europe or America allow to sell made in China products?
There are many selling in South America
United States: If we can’t compete in the market, then sanction him, just like Huawei and DJI drones, sanctioned by the United States, the funny thing is that the more the United States sanctions these two Chinese companies, the more powerful these two Chinese companies are, and now these two Chinese companies want to thank the Americans for helping them advertise, hahaha
EU OK, USA NOT, IT BLOCKS MANY CN PRODUCT
The car is made by traditional car maker and Xiaomi focuses on the software
Typical dismissal of small players. Lets check back in 5yrs