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China technology giant Xiaomi starts electric car sales Chinese technology giant Xiaomi says it will start deliveries of its first electric vehicle (EV) this month - its first ever foray into the competitive automotive industry. The car's price is expected to be announced on 28 March. China's fifth-largest smartphone maker says it has 59 stores in 29 cities around the country to take orders. It comes as a price war intensifies between firms like BYD and Tesla in China, the world's biggest car market. At the unveiling of the Speed Ultra 7 (SU7) last year, Xiaomi's chief executive Lei Jun said the company aims to become one of the top five car makers in the world. The smartphone giant has said it will invest $10bn (£7.8bn) in its vehicles business over the next 10 years. Mr Lei said the SU7 was "super electric motor" technology which is capable of accelerating faster than some Tesla and Porsche EVs. Xiaomi is also hoping that the car's shared operating sys