Xiaomi, the Chinese tech giant, is taking on electric vehicle (EV) market leader Tesla with a bold new move. The company has unveiled a premium SUV that comes with a significant price advantage, undercutting Tesla's offerings by a staggering 23%. This aggressive pricing strategy aims to disrupt the luxury EV market and challenge Tesla's dominance. With Xiaomi's reputation for offering high-quality products at affordable prices, the company is poised to shake up the industry and give consumers more options in the premium EV segment.
China’s Xiaomi targets Tesla, staking 23% lower price on premium SUV South China Morning Post
