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China's Xiaomi unveils electric SUV, new chip in bid to rival Tesla, Apple | CNN Business

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Chinese consumer electronics giant Xiaomi has launched a new electric SUV and debuted a self-designed smartphone chip, in a push to expand beyond its roots in budget devices.
On May 23, 2025, Chinese technology company Xiaomi launched its new electric SUV, the SU7, alongside a new proprietary chip designed to enhance the vehicle's autonomous driving capabilities. The SU7, which aims to compete with Tesla's Model Y, features advanced technology and a sleek design, positioning Xiaomi as a significant player in the electric vehicle market. The new chip, developed in-house, is expected to improve the SUV's performance in self-driving scenarios, marking a strategic move by Xiaomi to integrate its expertise in electronics and software into the automotive industry. The launch event highlighted Xiaomi's commitment to innovation and its ambition to expand its footprint in the global EV market.

Read the Full CNN Article at:
[ https://www.cnn.com/2025/05/23/business/china-xiaomi-new-suv-chip-launch-intl-hnk ]