Curated News
By: NewsRamp Editorial Staff
September 16, 2025
Another Phone Giant Eyes EV Market After Apple's Failure, Xiaomi's Success
TLDR
- Xiaomi's successful EV launch with massive pre-orders demonstrates how tech companies can gain market advantage by expanding into electric vehicles.
- Xiaomi achieved rapid EV success through strategic manufacturing and marketing, while Apple's decade-long $10 billion project failed to produce a single vehicle.
- Tech companies entering the EV market accelerates sustainable transportation adoption, creating a cleaner future with innovative green energy solutions.
- Xiaomi received 200,000 EV pre-orders in just three minutes, showcasing incredible consumer demand for tech-branded electric vehicles.
Impact - Why it Matters
This development matters because it signals the continued convergence of technology and automotive industries, which could accelerate EV innovation and adoption. As major tech companies with massive R&D budgets and manufacturing expertise enter the electric vehicle space, consumers can expect more advanced features, competitive pricing, and faster technological advancements in electric mobility. The contrasting outcomes between Apple's failed $10 billion project and Xiaomi's successful launch also provide valuable lessons for other companies considering EV market entry, highlighting the importance of execution strategy and market timing in the highly competitive electric vehicle sector.
Summary
Another major smartphone manufacturer appears poised to enter the battery electric vehicle (BEV) market, following the contrasting experiences of tech giants Apple and Xiaomi. Apple invested a staggering $10 billion over a decade in its electric vehicle project before ultimately shutting it down without selling a single EV, while Xiaomi achieved incredible success with its debut electric car, receiving hundreds of thousands of pre-orders within minutes of launch. This development shows how phone makers are expanding their product scope, demonstrating to other firms like PowerBank Corporation that there are significant opportunities in the EV transition.
The news comes from GreenCarStocks, a specialized communications platform focused on electric vehicles and the green energy sector that is part of the Dynamic Brand Portfolio at IBN. GreenCarStocks provides comprehensive distribution services including access to wire solutions through InvestorWire, article syndication to over 5,000 outlets, enhanced press release services, social media distribution to millions of followers, and tailored corporate communications solutions. The platform serves as a convergence point for breaking news, insightful content, and actionable information in the rapidly evolving EV market.
Source Statement
This curated news summary relied on content disributed by InvestorBrandNetwork (IBN). Read the original source here, Another Phone Giant Eyes EV Market After Apple's Failure, Xiaomi's Success
