Porsche's Transition to Electric Vehicles

Porsche is slowing its transition to mostly electric vehicles due to longer than expected timeline. The company set a goal for 80% of sales to be electric by 2030 but is now tying it explicitly to customer demand and sector developments.

Xiaomi Unveils Electric Vehicle to Compete with Porsche and Tesla

Chinese electronics brand Xiaomi has unveiled its first electric vehicle, the Speed Ultra 7 (SU7), aiming to compete with top EV makers like Porsche and Tesla. The SU7 boasts impressive acceleration and range, with the top model capable of 503 miles on a single charge and 664 bhp output. Xiaomi plans to release multiple versions of the SU7, with prices starting at £24,000 in China.