Xiaomi Challenges Tesla with Plans for New Electric SUV in China

Xiaomi intensifies competition in China's EV market, targeting a late 2025 launch for its SUV modeled after Tesla's Model Y.

Xiaomi's planned SUV follows the successful launch of its first electric vehicle, the SU7, which saw impressive pre-order numbers.
The Chinese tech giant aims to expand its automotive production, with a second phase of its Beijing factory set to increase capacity.
Xiaomi's move into the electric vehicle market is part of a broader strategy to diversify beyond its core smartphone business.
Competition in China's EV market is fierce, with numerous players vying for dominance in a sector led by Tesla and BYD.
Xiaomi's aggressive expansion into EVs reflects its long-term vision to become a leading global car manufacturer within two decades.