Lei has done what Tesla, Apple, Ford Motor and General Motors have been unable to do: create a hit, inexpensive electric vehicle—and fast. Tesla took more than a decade from its founding to reach the ...

China's Xiaomi on Thursday slashed its initial sticker price for its luxury electric sedan SU7 Ultra by over a third to ...

Lei Jun, founder of Chinese tech giant Xiaomi, is now the fifth richest billionaire in China thanks to investors' confidence in the EV business.