Xiaomi made a cheap Ferrari EV. Who needs Porsche?
- Posted on July 1, 2025
- By Business News Today
- 2 Views
Xiaomi made a cheap Ferrari EV. Who needs Porsche?
Xiaomi's YU7 launch has sparked concerns for Western automakers, boasting impressive technology and affordability. While currently focused on the Chinese market, its rapid innovation in EVs, combined with changing consumer preferences for software and AI, poses a significant threat to established luxury brands.
