Chinese Tech Giants BYD, Xiaomi, and Huawei Challenge Tesla in EV Market

BYD expected to surpass Tesla in sales, Xiaomi unveils first EV with HyperOS, and Huawei launches luxury Aito M9 SUV.

Chinese carmaker BYD is expected to surpass Tesla in worldwide sales before the end of the year, largely due to its lower price tag.
Chinese smartphone giant Xiaomi has revealed its first electric car, the SU7, which will run on Xiaomi’s HyperOS, a new architecture designed to power phones, smart home systems and cars.
Xiaomi's SU7 features a sleek look and a sports-car level of performance, with a driving range of up to 800 kilometres.
Xiaomi's CEO Lei Jun has stated that the company aims to become a top five global carmaker in the next 15 to 20 years.
Huawei launched its Aito M9 SUV, a six-seater vehicle priced starting at 469,800 yuan (about $66,500), featuring premium features such as a projection screen and massage seats.