China's Xiaomi unveils its first EV as it looks to compete with Porsche, Tesla
Publishing timestamp: 2023-12-28 09:34:47
Summary
Xiaomi, a Chinese consumer electronics company, has announced plans to enter the electric vehicle market in China. The company has developed a car model called Xiaomi SU7, which it claims surpasses the acceleration and performance of Porsche's Taycan and Tesla's Model S. The car is currently in trial production and will be released in the domestic market in a few months. Xiaomi aims to become an industry leader in autonomous driving and has integrated the SU7 with its smartphones and internet-connected home appliances. The company also emphasized data privacy and safety standards. Xiaomi's car tech event comes as other domestic EV players have recently unveiled new electric vehicles. Xiaomi's shares closed slightly lower in Hong Kong trading, but the company has seen significant growth this year.
Sentiment: POSITIVE
Tickers: 9866-HK, NIO, 1810-HK, 9868-HK, XPEV, AAPL,
Keywords: market insider, breaking news: technology, climate, nio inc, world economy, autos, apple inc, xpeng inc, xiaomi corp, technology, stock markets, business news, markets,