Overview

• 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.