Chinese electric vehicle maker Xiaomi has received 289,000 pre-orders for its first sport utility vehicles within an hour of launching, in what the company says was a "miraculous" moment for the industry. The thousands of pre-orders were for the Beijing-based tech giant’s five-seater YU7, priced from 253,500 yuan ($54,000). But can it challenge BYD and Tesla’s EV market dominance? Wall Street Journal business editor, Peter Landers told The World’s Girish Sawlani Xiaomi’s accomplishments came with the help of the Chinese government. #ABCTheWorld #ABCAsiaPacific
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