On Monday, Xiaomi’s CEO Lei Jun announced an ambitious target for the company’s first electric car, the SU7, aiming to set it below 500,000 yuan ($69,424). Xiaomi is set to reveal the price and commence pre-orders for the vehicle, known as Speed Ultra 7, this Thursday. Lei’s statement on Weibo introduced the price ceiling for […]
China EV
Tesla Inc has slashed prices of its Model Y cars in Germany, where it lost the spot as top electric vehicle seller to Volkswagen in 2023.