"With the successful release of the YU7—its second electric vehicle (EV) after the SU7, a sporty sedan launched in March last year—Xiaomi has pulled off a feat that eluded Apple, which ditched plans to make its own EV after burning billions of dollars on the effort over a decade."
There's also a brutal price war going on over there. Those cars will be exported worldwide. Western countries are in a bind: protect the local manufacturer or allow the (much) cheaper and environmentally sound EV in from China?
"China’s smartphone champion has triumphed where Apple failed" [1]
A Cybertruck may look clumsy, but it can been a Lamborghini. Instant torque.
The highest horsepower in a Ferrari road car is 1,200 in the F80. Though, I’m pretty confident you got the HP wrong for the Xiaomi.
Nürburgring times.
7:04.957 Xiaomi SU7 Ultra
6:22.091 Xiaomi SU7 Ultra Prototype
Even my parents' Leaf leaps like a salmon outside of eco-mode despite that being the last reason anyone would buy a Leaf.
OP talked about the Xiaomi SU7 Max, not Ultra. Looked it up now, the Max has just shy of 700 horsepower.
Honestly, it amazes me that Xiaomi built the car that you would expect Apple to come up with after all these years they spent researching and coming up with nothing.
According to Wikipedia, the Xiaomi SU7 Max has 1,784 hp and is priced at 73,000 USD. In some YouTube videos, they raced against Ferraris and Bugattis, and it fared better than much more expensive cars. I have no idea how they did it.