Smartphone giant Xiaomi launches 664-hp SU7 as first EV

Xiaomi may be best known for its smartphones, but the Chinese technology company on Thursday entered the automotive world with the reveal of the SU7, a sleek electric sedan that’s reminiscent of the Porsche Taycan and boasts up to 664 hp. The SU7 is based on a newly developed platform called Modena, the name taken from the Italian town that is…