How Xiaomi made one of China's buzziest EVs

Chinese electronics company Xiaomi became the world’s third-largest phone maker by selling devices that critics said were iPhone copycats. The company is now becoming a force in the electric vehicle market, a feat Apple never managed.

Xiaomi released its much anticipated YU7 crossover on Thursday, a vehicle that some have said could be China’s first serious rival to the best-selling Tesla Model Y.

Post from CNBC on June 06, 2025