Hyperdrive

Xiaomi Set Out to Make a Better EV Than Tesla — and Succeeded

Xiaomi YU7 electric vehicles displayed at one of the company's stores in Beijing.
Photographer: Na Bian/Bloomberg

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By David Welch

November 21, 2025 at 1:35 PM UTC

This article is for subscribers only.

Thanks for reading Hyperdrive, Bloomberg’s newsletter on the future of the auto world.

A little over a year ago, the CEO of Ford raved about his six-month stint driving Xiaomi’s SU7 electric vehicle. Ford flew the car into the US for evaluation, and Jim Farley gushed that he didn’t want to give it up.