This Xiaomi car… is fantastic.
They sell ten thousand, twenty thousand a month, Farley said.
Rivian CEO RJ Scaringe recently said he learned his companys electric pickupswere being torn down by automakers in China.
Ford CEO Jim Farley says he’s been driving a Xiaomi SU7 and doesn’t want to give it up.Wang Zhao / Getty
It trails Huawei today but still remains a major player in the Chinese smartphone market.
Electric cars are basically smartphones on wheelsthe toughest challenge to overcome for automakers has been battery chemistry and pricing.
Foxconn, which manufacturers devices including the iPhone, has been working on entering the car market.
Xiaomi says the standard model gets 435 miles on a charge, though that number might not be reliable.
Ford recentlycanceled a three-row electric SUVand delayed an electric pickup truck until 2027.
The company still sells far fewer vehicles than companies like Toyota.
Ultimately, building electric vehicles requires significant investment upfront and years of patience to see a return.
Dont expect cheap Chinese EVs like the Xiaomi SU7 in the U.S. anytime soon.
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Three passengers were killed after a Xiaomi SU7 operating in driver assistance mode hit a concrete barrier.
