Why China’s Xiaomi Can Make an Electric Car and Apple Can’t
Source: New York Times
After nearly a decade of trying, Apple finally gave up its effort to produce an electric car last year, canceling a project that soaked up $10 billion.But last year in China, the electronics maker Xiaomi launched its first electric car after just three years of development and delivered 135,000 vehicles. It has vowed to double that number in 2025.Xiaomi’s ability to succeed where Apple could not shows how…
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