Xiaomi: Anatomy Of A Tesla Killer

Summary:

• Xiaomi’s SU7, a direct competitor to Tesla’s Model 3, has quickly matched or outsold Tesla in China, showcasing superior design and features.
• Xiaomi’s entry into the EV market was driven by geopolitical pressures and has rapidly scaled production to 20,000+ units per month.
• Tesla’s aging lineup and 400v architecture are becoming liabilities in China, where competitors like Xiaomi offer better specs and features at similar prices.
• Tesla’s high valuation is at risk as it loses market share in China to faster-iterating competitors like Xiaomi, who are also achieving comparable gross margins.

I know, you’re tired of “Tesla Killers”. The past has shown you that Tesla (NASDAQ:TSLA) always comes out on top. And even when put before the evidence that BYD (OTCPK:BYDDF

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