Xiaomi’s Electrifying Gamble

Xiaomi founder Lei Jun introduces the SU7 during a launch event in Beijing, March 28, 2024. *Credit: Ng Han Guan via AP Photos*

When Xiaomi boss Lei Jun took to the stage at the end of March to launch the company’s first electric vehicle, it was the climax of a three-year journey on which he has bet his professional legacy. In March 2021, he had called the Xiaomi EV project his last major professional venture, raising the stakes for the 54-year-old billionaire entrepreneur who built his company’s fortune by selling millions of budget smartphones. “I have realized that it’s so hard to make a car,” admitted Le

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Face-Off: U.S. vs. ChinaA podcast about the turbulent relationship between the world's two superpowers, the two men who run them, and the vital issues that affect us all.

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What is StepFun?
By Noah Berman

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Face-Off: U.S. vs. China
A podcast about the turbulent relationship between the world's two superpowers, the two men who run them, and the vital issues that affect us all.