GUANGZHOU -- Xiaomi's SU7 electric vehicle has overtaken the Tesla Model 3 in Chinese sales a year after its release, turning the company into a rising star in EVs even as it continues to log solid growth in its mainstay smartphone business.
Chinese smartphone maker balances core ops with meteoric growth in EVs

Xiaomi founder and CEO Lei Jun launches the SU7 Ultra, which can accelerate faster than Porsche's Taycan Turbo S at a third of the price tag, in Beijing on Feb. 27. © Reuters
GUANGZHOU -- Xiaomi's SU7 electric vehicle has overtaken the Tesla Model 3 in Chinese sales a year after its release, turning the company into a rising star in EVs even as it continues to log solid growth in its mainstay smartphone business.