A fierce price war broke out between U.S. and Chinese rivals. Chinese tech company Xiaomi announced that it will sell its first electric car for far less than Tesla’s Model 3. But analysts note the firm could be taking losses on each one sold.
Xiaomi Launches First-Ever EV Cheaper Than Tesla
By Xiaohua Li
China in Focus Weekly Newsletter
Find out what's really going on in China
Success! You are now subscribed.
By registering for the newsletter, you agree to the Privacy Policy.