Invezz·2026-02-13 07:30Core Insights - China's electric vehicle market experienced a significant shift in January, with Xiaomi's latest electric SUV surpassing Tesla's Model Y to become the best-selling vehicle in the country [1] Company Summary - Xiaomi's new electric SUV has achieved the status of the best-selling vehicle in China, indicating a strong competitive position against established players like Tesla [1] - Tesla's Model Y, previously a market leader, has been overtaken, highlighting the increasing competition in the electric vehicle sector [1] Industry Summary - The shift in sales dynamics reflects a broader trend in the Chinese electric vehicle market, where local manufacturers are gaining ground against international brands [1] - This development may signal changing consumer preferences and increased demand for domestic electric vehicles [1]