7 place 0 fresh

143 Xiaomi makes dirt-cheap gadgets, but its CEO just ruled out cheap EVs

Digital Trends
Vikhyaat Vivek @ Digital Trends 3 place · today 08:03 EDT

Xiaomi makes dirt-cheap gadgets, but its CEO just ruled out cheap EVs

Xiaomi CEO Lei Jun says the company has no plans to launch ultra-cheap EVs below 100,000 yuan, arguing that advanced intelligent vehicle tech makes that price point too hard to hit.

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