TECH - Even Xiaomi Is Going After Tesla | Benzinga
On Thursday, Xiaomi Corporation (OTC: XIACY) unveiled its first EV as it looks to compete with Porsche and even the EV king itself, Tesla Inc (NASDAQ: TSLA). The Chinese consumer electronics company said to have spent more than $1.4 billion to develop its first EV, Xiaomi SU7.
Nio Is Going All In Into The Super-Premium EV Battle
Earlier on Saturday, Nio (NYSE: NIO) unveiled its flagship executive sedan, the ET9. Priced at 800,000 yuan, Nio is set to begin deliveries during the first quarter of 2025. Equipped by sophisticated proprietary technology and a superfast-charging battery pack, this model is a reflection of the commitment Nio made to redefine the higher end of the EV market. With this model, Nio also challenged the Porsche Panamera with many EV players, including BYD Company Limited (OTC: BYDDY) that ...