Tech Insider: Xiaomi’s First Electric Car, JD.com Plans Huge Salary Hikes

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Xiaomi unveiled its first electric vehicle the SU7 on Dec. 28 in Beijing. Photo: IC Photo

Welcome to Caixin’s Tech Insider, your twice-weekly wrap on the movers, shakers and deal-makers in China’s tech scene.

Xiaomi launches its first EV

Lei Jun, the billionaire co-founder of Xiaomi Corp., unveiled the company’s first electric vehicle (EV) Thursday, declaring ambitions to become a top global carmaker in 15 to 20 years and compete against Tesla Inc. and Porsche AG.

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