After a visit to the Tesla Giga-Factory by the founder and CEO of Xiaomi Mr Lui Jun, he later announced that Xiaomi will enter the electric vehicle (EV) market in a big way...... The first item on sale will be a family saloon, with an unbelievable price tag of 39,000 Yuan (i.e. US$5,750). This will no doubt cause a big disruption to the EV market, because present cheapest EV will be a few times more expensive. If you look back into history 8 years ago, Xiaomi stunned the world by entering the mobile phone market with a phone below 1000 Yuan, which was many times cheaper than the cheapest phone at that time. Since then, Xiaomi had completely disrupted the mobile phone market. Let us hope that Xiaomi will do the same thing to the EV market again. Click here to see more....
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AuthorDr. Norbert Cheung, Archives
October 2020
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