Chinese smartphone maker Xiaomi (XIACY) took the wraps off its first electric vehicle, dubbed the SU7, and announced it was aiming to become one of the world’s top five automakers over the next 15 to 20 years, reported Reuters’ Yelin Mo and Casey Hall. Xiaomi CEO Lei Jun touted the EV as having “super electric motor” technology capable of delivering acceleration speeds faster than Tesla (TSLA) cars and Porsche’s EVs, the report noted. Other publicly traded companies in the auto space include Ford (F), General Motors (GM), Honda (HMC), Mercedes-Benz Group (DDAIF), Nissan (NSANY), Stellantis (STLA), Toyota (TM), Volkswagen (VWAGY), Nio (NIO), XPeng (XPEV) and Li Auto (LI).
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