Xiaomi, a company mostly known for its smartphones, is now growing fast in the electric vehicle (EV) industry. In May 2025, the company reported that it delivered more than 28,000 electric cars. This marks the eighth month in a row that Xiaomi’s monthly EV sales have passed the 20,000 mark.
For foreign companies like Lucid Motors (NASDAQ: LCID) that may be eying the Chinese market, the writing is on the wall. They will have to contend with players like Xiaomi to make…
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