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Xiaomi's SU7 EV launching on Thursday
Xiaomi Corp.’s $8 billion stock rally faces a key test when the Chinese smartphone giant unveils its first electric vehicle Thursday, as it attempts to muscle into an unfamiliar and intensely competitive market.
It will start selling its SU7 series in China, the result of a $10 billion foray into the world’s largest EV market dominated by Tesla Inc. and BYD Co.
[Bloomberg]
Xiaomi Corp.’s $8 billion stock rally faces a key test when the Chinese smartphone giant unveils its first electric vehicle Thursday, as it attempts to muscle into an unfamiliar and intensely competitive market.
It will start selling its SU7 series in China, the result of a $10 billion foray into the world’s largest EV market dominated by Tesla Inc. and BYD Co.
[Bloomberg]