Xiaomi CEO Says Trump Sanctions Led The Chinese Phone Firm To Invent Electrical Vehicles

Xiaomi CEO says Trump sanctions in 2021 led the Chinese cell phone company into the lucrative Electrical Automobile market.

Xiaomi challenged the US sanctions in court docket and won by Might per chance per chance per chance per chance also simply 2021, ending U.S. investment restrictions.

By then, Xiaomi CEO acknowledged he had launched the pattern of its first EV that will later be identified as SU7.

The Chinese cell phone company officially unveiled the Xiaomi SU7 (SU stands for Tempo Ultra) on March 28, 2024.

To tackle the overwhelming place a matter to, Xiaomi is aiming for a significant 100,000 deliveries in its first year of producing.

Xiaomi Corporation, simplest identified for its smartphones and home appliances, says a resolution by the Trump administration to sanction the Chinese company in early 2021 led it into the lucrative electrical car (EV) market.

Lei Jun, Xiaomi neighborhood chairman, who disclosed this on Friday July 19th at an annual event in Beijing, described how Xiaomi convened an emergency board assembly to birth its electrical car initiative.

“I got a cell phone call from a buddy announcing that we had been sanctioned. It became admire a stir from the blue,” Lei acknowledged on the event streamed by bigger than 1.5 million of us on WeChat.

“If it weren’t for the tall impact of the surprising U.S. sanctions, we haven’t got rashly entered the advanced car industry.”

Xiaomi challenged the US sanctions in court docket and won by Might per chance per chance per chance per chance also simply 2021, ending U.S. investment restrictions. By that time, Lei acknowledged he had launched the pattern of Xiaomi’s first electrical car that will later be identified as SU7.

Recall that the Chinese cell phone company officially unveiled the SU7 (SU stands for Tempo Ultra) on March 28, 2024. To tackle the overwhelming place a matter to, Xiaomi is aiming for a significant 100,000 deliveries in its first year of producing.

On the disclosing of its lengthy-awaited Xiaomi SU7, the Beijing-based utterly Chinese smartphone producer offered it became aiming to “develop into one of the most top five world automakers” internal 15 to Two decades.

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