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Benzinga
Benzinga
Business
Chris Katje

Tesla's Chinese EV Rival Is So Popular, The CEO Is Actually Recommending Other Brands To Shoppers

Tesla Inc. Xiaomi China Lei Jun electric vehicle
Xiaomi EVs

Best known for its smartphones and often referred to as the "Apple of China," Xiaomi (OTC:XIACF)(OTC:XIACY) is experiencing massive success with its push into the electric vehicle market.

With demand so high for the company's YU7, the CEO is even recommending consumers buy other EV brands if they want to take home their vehicles anytime soon.

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