Hyperdrive

Xiaomi’s Long Wait Times Leads CEO to Recommend Rivals’ EVs

‘If you need to buy a car quickly, other China-produced new energy vehicles are pretty good,’ founder Lei Jun said recently.

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Xiaomi’s new sport utility vehicle has proven so popular that the wait time has stretched out to more than a year, prompting founder Lei Jun to take the unusual step of telling would-be buyers to consider getting a rival car.