Is Tesla's charm over? Xiaomi's YU7 SUV dethrones Elon Musk-led company in China
Xiaomi’s YU7 topped China’s EV sales in January, overtaking Tesla’s Model Y. Once the market leader, Elon Musk's Tesla slipped amid rising competition from Xiaomi and BYD, while also facing sales declines in Europe and weak traction in India.
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