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This puts the vehicle around the price range of some Tesla models. The electric vehicle market continues to grow, and automakers in the industry have been releasing their own line of EVs.

Beijing, CHINA - Xiaomi held its Xiaomi EV Technology Launch, officially unveiling Xiaomi EV's five core technologies - E-Motor, Battery, Xiaomi Die-Casting, Xiaomi Pilot Autonomous Driving, and Smart Cabin. From the development of foundational core technologies, Xiaomi aims to redefine the technology of the automotive industry. Xiaomi EV's first product…

Xiaomi shows SU7 model.