The Latest Breaking News from Xiaomi

Xiaomi clearly wants its SU7 electric performance sedan to rival the Porsche Taycan. There is certainly a lot of Porsche in its design, right down to the font used for the “Ultra” text on the car, which looks very similar to the one Porsche uses to write “Turbo.” Now, the…

Xiaomi only revealed the SU7 Ultra prototype in July, promising to launch a production version sometime next year. The company has big plans to become one of the world's top five automakers, and part of that plan includes producing the fastest four-door electric sedan to lap the Nürburgring Nordschleife.

It seems like the competitiveness in the electric vehicle space is finally paying off as battery-powered cars are finally getting cheaper to make. Battery costs are dropping, material costs are down too, and even the average transaction price of new vehicles seems to be stabilizing a bit (although they're still high).

The third-quarter sales of Apple in China has declined, while that of Huawei has soared.