China-made vehicles will make up a quarter of Europe's EV sales this year
The share of made-in-China vehicles in the region is expected to rise to just over 25% in 2024, according to T&E research.
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The share of made-in-China vehicles in the region is expected to rise to just over 25% in 2024, according to T&E research.
Xiomi EVs: The launch fulfills an ambition of Xiaomi's CEO and founder Lei Jun, who announced the company's foray into EVs in 2021. He pledged to invest USD 10 billion in Xiaomi's auto business, describing it as "the last major entrepreneurship project" of his life.
Xiaomi, a well-known maker of smart consumer electronics in China, is joining the country's booming but crowded market for electric cars. The tech company will start taking orders for the SU7, a sporty four-door sedan, following a launch event with founder Lei Jun in Beijing on Thursday evening. Government subsides have helped make China the world's largest market for electric vehicles, and a bevy of new makers are locked in fierce competition.
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Xiaomi, a well-known maker of smart consumer electronics in China, is joining the country's booming but crowded market for electric cars.