China’s Xiaomi to enter cut-throat EV market for the first time
The Star Online - Tech·2024-03-28 14:00
BEIJING: Chinese consumer tech giant Xiaomi will launch its first-ever EV at a press conference in Beijing March 28, injecting itself into a fiercely competitive sector in the world's largest car market.
China's EV sector has grown rapidly in recent years – propelled by purchasing subsidies that were discontinued in late 2022 – and dozens of domestic automakers are engaged in a stiff price war to get ahead in a crowded market.
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