Apple’s decision to cancel its electric car project surprised ambitious new Chinese automakers like Xiaomi. South China Morning Post I will report.
yesterday, bloombergMark Garman of It was revealed that it had been moved. The decision came as a surprise to emerging tech-focused Chinese EV brands such as Xiaomi, Li Auto and Xiaomi, which saw the future Apple Car as one of their main competitors. Ta.
Xiaomi is one of China’s largest electronics companies and is best known for its smartphone series. The company announced its first EV, the SU7, late last year and will launch it after further testing. This project cost him more than $1.4 billion in development costs and his more than 3,400 engineers.
Founder and Chairman Lei Jun posted on Weibo today that he was “very shocked” by the news of Apple’s decision to discontinue EVs. He added that although he “deeply knows how difficult it is to build a car,” Xiaomi has made a “solid strategic choice” to transition to EVs. He Xiaopeng, chairman of Chinese EV maker Xpeng, expressed similar disbelief that Apple would abandon its car plans.
Li Xiang, CEO of Beijing-based EV maker Li Auto, said on Weibo that Apple’s decision to shift its focus from EVs to AI is “completely correct.” He added, “AI will become the top-level entry point for every device, service, application, and transaction, and Apple should continue to be at the top of it all.”
The proportion of Chinese brands in global EV sales is rapidly increasing. Last year, China’s BYD overtook Tesla to become the world’s top EV maker.
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