How did this young Chinese mobile phone company create an EV when Apple couldn’t? Let’s examine this.

Chances are you don’t know much about Xiaomi (pronounced “Show Me”), a mobile phone company based in China. Born in 2011, the company became one of the world’s biggest phone makers in just a few years. Last year–yes, 2024–it launched its own EV that seems to outperform similar vehicles like Tesla and Porsche. Other manufacturers like Ford and Rivian, are watching closely.

So how did a mobile phone maker succeed where Apple couldn’t? Let’s take a look. (Via Sean)