Why a Chinese gadget maker beat Apple on electric vehicles
By Meaghan Tobin and Claire Fu March 2, 2025 — 4.00pm After nearly a decade of trying, Apple finally gave up its effort to produce an electric car last year, cancelling a project that had soaked up $US10 billion ($16.1 billion). But last year in China, electronics maker Xiaomi launched its first electric car after just three years of development and delivered 135,000 vehicles. It has vowed to double that number in 2025. Xiaomi’s ability to succeed where Apple could not shows how thoroughly C...