Watch out Tesla, smartphone builder Xiaomi’s SU7 EV offers 434 mile range for under $30k

Apple may have bailed on its plans to build its own EV, but a Chinese competitor has completed the feat, and on paper, it has the makings to be one helluva first entry into the segment. Today, Xiaomi officially launched its first-ever EV, the SU7 – decked out with advanced battery tech, lightning-fast charging, and a mouth-watering range – all for starting MSRPs that will turn some heads. Oh, the smartphone manufacturer released a new phone model to match the new EV as well.

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