Xiaomi, one of Tesla’s biggest challengers in mainland China over the past year, has priced its newest cars at a 23 per cent discount to the US carmaker’s Model Y L SUV amid intensified competition in the country’s premium electric vehicle (EV) segment. Beijing-based Xiaomi announced on Thursday that the five-seat N70 Max model under its new extended-range SkyNomad series would sell at 259,900 yuan (US$38,474), while the seven-seat N90 Max would start at 299,900 yuan, with deliveries of both...
Xiaomi, the smartphone vendor that has become one of Tesla’s biggest challengers in mainland China after entering the electric vehicle (EV) market, has doubled down on research and development to combat a slowdown in domestic sales. The Beijing-based tech giant announced on Thursday it would assemble and sell models under a new sport-utility vehicle (SUV) line known as Sky Nomad, a product range analysts said would be likely to include extended-range battery technology to lure consumers away...