Smartphones to Showrooms: How Huawei and Xiaomi Cracked Chin…

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AsianFin — In a luxury auto market long dominated by foreign brands, two unlikely challengers have emerged from China's smartphone industry.Huawei and Xiaomi are rewriting the rules of high-end carmaking, outpacing traditional automakers in one of the most competitive price segments: vehicles priced above 500,000 yuan ($69,000).Huawei-backed AITO's M9 SUV was China's best-selling car in the segment in