Xiaomi to Sell EVs Globally 'Within the Next Few Years' After Launching $73,000 Premium Car
Xiaomi plans to expand its electric vehicle (EV) business beyond China's borders within the next few years, according to company President William Lu, who made the announcement at a product launch event in Barcelona. The Chinese tech giant's first luxury EV model, the SU7 Ultra, has already garnered significant interest with 15,000 orders in just 24 hours. As Xiaomi looks to challenge Tesla and other players in the global EV market, it must navigate complex regulatory environments and ensure the quality of its vehicles.
- This move represents a significant shift for Xiaomi, which is diversifying its portfolio beyond smartphones to tap into growing demand for sustainable mobility solutions.
- How will Xiaomi's entry into the global EV market be impacted by the varying regulations and standards governing electric vehicle production and sales across different countries?