Billionaire Lei Jun Vows To Overtake Tesla As He Unveils Xiaomi’s First Electric Vehicle

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Lei Jun, the cofounder and CEO of Xiaomi, unveiled the company’s first electric vehicle on Thursday, marking the Chinese smartphone maker’s entry into the country’s highly competitive EV market.

The billionaire stopped short of disclosing an exact launch date or price of the SU7, which is short for Speed Ultra, but he did say that Xiaomi intends to become a leading player in the global…

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