Xiaomi’s CEO, Lei Jun, revealed his company’s strategy to challenge Tesla by completely disassembling three Model Ys to understand their engineering. This meticulous reverse-engineering approach has paid off, with Xiaomi’s new YU7 SUV garnering over 240,000 preorders in just 24 hours. While praising Tesla’s innovation, Lei highlighted the YU7’s competitive pricing and superior interior space and battery performance, underscoring the intense battle for dominance in China’s booming electric vehicle market.
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