Xiaomi Says It Decided to Build an Apple Car Rival in Just 75 Days

Xiaomi is one of the tech giants planning to expand in the automotive industry, with the company already confirming a $10 billion investment to make the whole thing happen. And while we already know the first Xiaomi car would be either an SUV or a sedan, company founder and CEO Lei Jun says the decision to build an EV was made in no less than 75 days. This includes the research time that was necessary to determine if an EV under the Xiaomi brand would make sense, he notes.