Xiaomi enters China’s cut-throat EV market
Xiaomi has shaken up China’s electric vehicle market with the launch of its YU7 SUV. The tech giant received 200,000 pre-orders in just 3 minutes, sending its shares to a record high. With the YU7 priced 4% below Tesla’s Model Y, analysts say Tesla may be forced to cut prices as competition intensifies in the world’s largest EV market. Watch in for more details!
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