Xiaomi enters the EV market with launch of SU7, challenging BYD, Tesla

Last Update: 2024-03-28 18:20:08 - Source: CHANNEL8

China's electric vehicle (EV) sector has experienced rapid growth propelled by purchasing subsidies that came to an end in late 2022. Dozens of domestic automakers are now engaged in a fierce price war to gain an edge in a competitive market.