Xiaomi, the Chinese tech giant, has made a bold move by entering the electric vehicle (EV) market in China. The company's CEO announced the launch of their new EV model, codenamed 'Thor,' which is set to compete directly with Tesla's Elon Musk in the rapidly growing EV industry.
The decision to venture into the EV market comes as part of Xiaomi's strategic expansion beyond its core business of smartphones and other consumer electronics. With 'Thor,' Xiaomi aims to leverage its expertise in technology and innovation to challenge established players like Tesla.
