Automovill - Flag Auto Care, Kothaguda, hyderabad Engine Oils & Car Service Garage in Kothaguda, hyderabad, telangana

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Siddhi Vinayak Nagar, Madhapur Kothaguda, hyderabad 500084

Siddhi Vinayak Nagar, Madhapur, Near N Convection Center, Kothaguda, hyderabad, telangana - 500084

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China's latest EV Xiaomi, a well-known maker of smart consumer electronics in China, is joining the country’s booming bu...
China's latest EV Xiaomi, a well-known maker of smart consumer electronics in China, is joining the country’s booming bu...
China's latest EV Xiaomi, a well-known maker of smart consumer electronics in China, is joining the country’s booming but crowded market for electric cars. The tech company will start taking orders for the SU7, a sporty four-door sedan, following a launch event with founder Lei Jun in Beijing on Thursday evening. Analysts think it will be priced in the 300,000 yuan ($40,000) range. Government subsidies have helped make China the world’s largest market for electric vehicles, a...nd a bevy of new makers are locked in fierce competition. Most of the industry’s sales have been domestic, but Chinese makers are pushing into overseas markets with lower-priced models, posing a potential challenge to European, Japanese and American auto giants. Lei is not bashful about that challenge, saying at an unveiling of the SU7 in December that Beijing-based Xiaomi aims to become one of the world’s top five automakers in the next 15 to 20 years. “I believe that one day, Xiaomi EVs will be a familiar sight on roads around the world,” he was quoted as saying in a company news release. #automovill #totalenergies #automotive #automobile #china