Traditional automakers and startups have struggled to deliver truly digitized and connected vehicles, with Tesla being a pioneer in the field.
Xiaomi, a Chinese smartphone and electronics giant, has entered the car market with its YU7 crossover aimed at challenging Tesla's dominance.
The Xiaomi YU7 offers impressive specs like a 101 kWh battery pack, 519 miles of range, and competitive pricing starting at $35,000 in China.
The YU7 has garnered significant attention and is sold out through 2027, signaling a shift in the auto industry that other automakers need to take note of.