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Xiaomi's Meteoric Rise: Challenging Tesla's Dominance
Xiaomi's Impressive Milestones
Xiaomi, the Chinese tech giant, is making waves in the electric vehicle (EV) market, giving Tesla a run for its money. The company has recently achieved a significant milestone, with its Xiaomi Mi 7 model rolling off the production line in just 230 days. This rapid production ramp-up demonstrates Xiaomi's ambition and capabilities in the EV space.
Moreover, Xiaomi is already planning to expand its production capacity further. The company is set to open a second facility with an annual production capacity of 300,000 units. This aggressive expansion strategy suggests that Xiaomi is determined to capture a significant share of the growing EV market.