Apple can’t do cars. Meet the Chinese tech giants that can

Customers look at the Xiaomi SU7 electric vehicle in the Xiaomi flagship store in Shanghai, China

2024-08-21  857  中等

Another noteworthy feature of this EV is that it has been bankrolled by Baidu, a tech firm that runs China’s leading search engine. Baidu is one of a growing number of Chinese tech giants have ventured into the car business in recent years. Huawei, a telecoms-equipment company, has also entered the industry. Xiaomi, best known for its smartphones and home appliances, is another example. In March it launched its own EV, the SU7. On August 21st it announced that it sold over 27,000 of the cars in the quarter from April to June. It aims to have sold 120,000 by the end of the year. Xiaomi’s EV business now has 87 sales centres across 30 Chinese cities.

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