China’s Xiaomi takes aim at Tesla, staking 23% lower price on premium SUV

Xiaomi, one of Tesla’s biggest challengers in mainland China over the past year, has priced its newest cars at a 23 per cent discount to the US carmaker’s Model Y L SUV amid intensified competition in the country’s premium electric vehicle (EV) segment. Beijing-based Xiaomi announced on Thursday that the five-seat N70 Max model under its new extended-range SkyNomad series would sell at 259,900 yuan (US$38,474), while the seven-seat N90 Max would start at 299,900 yuan, with deliveries of both...

By Daniel Ren