Lei Jun, Chairman and CEO of Chinese electronics company Xiaomi, presents the new electric car Xiaomi SU7 model at a launch event in Beijing on March 28, 2024. China is the biggest electric vehicle market in the world, a battle royale featuring both established carmakers as well as upstarts such as Xiaomi, which launched its first EV on on March 28. (Photo by Michael ZHANG / AFP) (Photo by MICHAEL ZHANG/AFP via Getty Images)
