Chinese tech firms are reshaping the electric vehicle (EV) industry, leveraging innovation to challenge global rivals. Xiaomi’s YU7 SUV, launched in end-June, secured over three lakh orders in 72 hours.
But Xiaomi isn't the only one enjoying success in this space. Huawei’s Harmony Intelligent Mobility Alliance (HIMA) reports its Maextro S800 luxury sedan, launched on 30 May, amassed over 6,500 orders in its first month.
It is more than twice as expensive as the Xiaomi YU7, and competes with premium models like the Mercedes-Maybach S-Class and BYD’s Yangwang U7, offering advanced technology at a lower cost.