DAILY INNOVATION BRIEF by Maryanne Kane, Journalist
D A ILY INNOVATION BRIEF By Journalists Edward Kane & Marya nne Kane CHINA'S EV ANSWER TO TESLA Source: Xiaomi & Reuters China's smartphone giant Xiaomi unveiled its 1st EV - the SU7 - designed to take-on Tesla and Porsche. Here's what we know: According to Xiaomi CEO Lei Jun, SU7 defeats Porsche and Tesla in acceleration and other key metrics Range on a charge is 500 miles; Tesla S' range is 320 to 410 miles Tremendous acceleration from 0 to 62 mph in 2.78 seconds Self-driving capabilities Shared operating system with Xiaomi's popular smartphones and electronic devices Entertainment system fully compatible with Xiaomi's smartphone CEO Jun says price could be anywhere from $14,000 to $56,000, while Tesla S starts at $74,990 Goes on sale in China in 2024 Like smartphone makers Apple and Foxconn, Xiaomi is trying to break into the automotive industry. NOT A UFO, IT'S A USO - UNIDENTIFIED SUBMERGED OBJ