Xiaomi launches faster version of EV that Ford CEO said he is driving and does not want to give up

Smartphone giant Xiaomi seems to be keen to shed its ‘affordable brand tag’. The company has taken a significant step into the luxury electric vehicle market with the launch of the SU7 Ultra. Priced at a hefty $114,000, this high-performance EV according to Xiaomi would rank as the fastest four-door car in production in a direct challenge to the likes of Tesla and Porsche.