Chinese Tech Giant Xiaomi Starts Selling EVs This Month
Chinese tech giant Xiaomi has announced that it will start selling its electric vehicles later this month. When Xiaomi unveiled its first-ever battery electric vehicle — the Speed Ultra 7 (SU7) — in 2023, the company's chief executive Lei Jun said that the smartphone manufacturer planned to become one of the top five automakers on the globe. Xiaomi will invest a whopping $10 billion into the automobile segment over the next decade in its quest to achieve those ambitious goals. According to Lei, the SU7 is powered by “super electric motor” technology that, at zero to 100kph in 2.78 seconds…