SA Asks: Will Xiaomi overtake Tesla in China?

6 days ago 1
facade of Tesla store at night in China

Robert Way

Last week, China's Xiaomi (OTCPK:XIACF) (OTCPK:XIACY), which is primarily known for its smartphones, unveiled an electric SUV called the YU7 designed to compete with Tesla's (NASDAQ:TSLA) Model Y, currently the top-selling SUV in China.

The initial launch proved to be

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