Part 5/5:

Xiaomi's EV, the Ci7, is a Model 3 competitor that started production just 7 months ago. Reaching 100,000 units in such a short timeframe is an impressive feat, though it remains to be seen how much money the company is losing on each vehicle.

The Xiaomi CEO's gesture demonstrates the profound impact Elon Musk and Tesla have had on the global automotive industry. Aspiring EV makers are clearly trying to emulate Tesla's success by adopting similar practices and mindsets. However, it remains to be seen whether they can match Tesla's relentless pace of innovation and execution.