Xiaomi Outmaneuvered Silicon Valley With Launch Of New SUV, AI Glasses A team of Goldman Sachs analysts, led by Timothy Zhao, raised their 12-month price target for Chinese EV-maker Xiaomi after its newly launched YU7 SUV garnered 200,000 preorders within minutes and nearly 300,000 in the first hour. The massive demand solidifies Xiaomi’s position as a serious challenger to Tesla in the world’s largest EV market. At the launch event on Friday, founder Lei Jun positioned the YU7 against Tesla, echoing his past comparisons between Xiaomi’s Mi phones and Apple’s iPhone. The YU7 undercuts Tesla’s Model Y in price, with… — Continue at ZeroHedge News : Read More
