Source: International Business Times
Xiaomi is the latest Chinese firm to enter a highly competitive EV market AFP China is the biggest electric vehicle market in the world, a battle royale featuring both established carmakers as well as upstarts such as Xiaomi, which launched its first EV on Thursday. EV makers from China have made inroads into markets from Europe to Southeast Asia and Tesla's Elon Musk described them in January as "the most competitive car companies in the world". China's market for EVs dwarfs the rest of the world.
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