Chinese competitor challenges Tesla

Welcome, Tech enthusiasts.

Move over Tesla — a Chinese smartphone titan just shifted into the electric lane.

Can this automotive newcomer shake up the EV market? Let’s investigate…

In today’s tech rundown:

• Xiaomi reveals first hi-tech EV

• Amazon expands into green hydrogen production

• 8 new products

• Samsung brings AI into your fridge

• Apple faces scrutiny in India over hacking alerts

• Tesla plans 2024 Model Y redesign

Read time: 3 minutes

TODAY’S HEADLINES

XIAOMI

🚗 Xiaomi reveals first hi-tech EV

The Rundown: Chinese smartphone giant Xiaomi took the wraps off its much-anticipated first electric vehicle called the SU7 sports sedan, boasting ultra-fast acceleration and long range — aiming to compete on tech with Tesla and hailing performance levels of Porsche.

The details:

• Xiaomi claims its EV’s acceleration times best the Porsche Taycan and Tesla — thanks to a custom "super electric motor" with a blistering 21,000 RPM.

• The SU7 runs Xiaomi's Android-based HyperOS operating system used across its electronics product ecosystem for a unified, seamless experience.

• The SU7 targets the premium electric vehicle segment with pricing expected between $40-60k.

• The smartphone maker faces intense competition in China's maturing EV market from pioneers like XPeng, BYD and Tesla itself.

Why it matters: Combining the tech of a Tesla with the performance of a Porsche is a powerful statement — especially for a newcomer to the automobile space. But Xiaomi’s ‘smartphone on wheels’ is a potential look into the future of truly hi-tech vehicles.

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AMAZON

📦 Amazon expands into green hydrogen production

The Rundown: Amazon just installed an electrolyzer at its Colorado fulfillment center to produce hydrogen on-site — marking the retail giant’s first foray into replacing batteries and fuel with green energy to power equipment.

The details:

• Amazon is partnering with hydrogen company Plug Power, who designed, built and will maintain the full system.

• The on-site production is more energy efficient than trucking in hydrogen, while also providing an opportunity to use surplus renewable electricity.

• Amazon aims to eventually pair the system with renewable energy generation at the site to produce zero-emissions "green" hydrogen.

• The move comes as part of Amazon's efforts to decarbonize its operations by 2040 and eliminate fossil fuel use, though its emissions have increased 39% since setting that goal.

Why it matters: Amazon's investment in on-site hydrogen production shows the potential for the technology to reduce emissions from material handling — and hopefully the tech giant can provide proof of concept for others to explore greener energy alternatives.

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SNIPPETS

Tesla is planning a major redesign of the Model Y, slated for mid-2024 production at its Shanghai factory, potentially featuring significant interior and exterior updates.

Samsung announces new AI fridge with food identification and recipe suggestions, to be showcased at the upcoming CES.

Apple faces scrutiny in India over its alerting of potential state-sponsored hacking attempts.

Raymond Wong's overview at Inverse highlights Apple's commitment to enhance Mac gaming through its shift to Apple silicon.

Google is prepared to settle a 2020 lawsuit alleging that it tracked users' data in Chrome's Incognito mode without their explicit consent.

Chinese automaker JAC and its Yiwei brand will launch China's first mass-produced EV using sodium-ion batteries in January, touting cheaper materials and cold weather performance versus lithium.

Disney, Warner Bros Discovery, Comcast, and Paramount may consider downsizing, selling assets, or merging due to significant financial losses in their streaming ventures.

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THAT’S A WRAP

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