Smartphone maker Xiaomi warns of delays for its EV due to heavy demand

Customers wishing to purchase one of Chinese smartphone maker Xiaomi's new electric vehicles could be kept waiting for up to seven months, Reuters reported.

It comes just over a month after fellow smartphone powerhouse Apple abandoned its own decadelong EV dream following a string of design issues and leadership changes, Bloomberg reported. The market for electric vehicles has generally been on the decline, and the company faces steep competition in China.

The Pro version is 245,900 yuan, or around $34,000, and the Max is 299,900 yuan, which is about $41,500.

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