Chinese tech giant Xiaomi has received the green light to manufacture extended-range electric vehicles (EVs) at its plant in Beijing, a significant development that comes as the company prepares to launch its highly anticipated new SUV model. This expansion into extended-range EVs marks a major milestone for Xiaomi, which has been rapidly expanding its presence in the global EV market. The company's move is seen as a strategic play to capitalize on the growing demand for more affordable and longer-range EVs, a space currently dominated by established players like Tesla and Volkswagen. As Xiaomi gears up to unveil its latest SUV model, industry insiders are watching closely to see how the company's entry into the extended-range EV segment will impact the market.
Xiaomi cleared to build extended-range EVs at Beijing plant as new SUV launch looms CnEVPost
