Xiaomi preps for fierce EV race with new SUV line, long-range battery tech

AI Summary

Xiaomi is entering the electric vehicle market with a new SUV line called Sky Nomad, featuring long-range battery technology. The move targets the competitive EV space in mainland China, aiming to counter a slowdown in smartphone sales.

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...