<ul data-eligibleForWebStory="true"><li>Xiaomi's successful EV venture contrasts with Apple's failed car project.</li><li>Lei Jun's strategic approach boosted Xiaomi's reputation and market value in China.</li><li>Xiaomi's grounded approach involved learning from top automakers and investing in the EV supply chain.</li><li>Xiaomi's EV division expected to turn profitable in the second half of 2025.</li><li>Xiaomi contemplates global expansion, targeting markets outside China from 2027.</li></ul>

Xiaomi Founder’s Bold EV Bet Is Paying Off Where Apple’s Failed

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