
Psst—don’t tell Apple, but it looks like there are good opportunities for phone makers in the automotive sector.
China’s Xiaomi, which alongside Apple and Samsung is among the world’s big three smartphone firms, just announced its Q2 results, showing that its first electric vehicle is something of a hit. It launched the SU7 at the end of March to considerable consumer excitement, and delivered 27,307 of the sedans in the subsequent quarter.