Tesla has been struggling in Europe, where its sales are down across the continent. In the United Kingdom, the company’s sales reportedly dropped 60 percent last month. With those cratering numbers, the EV firm appears to have made another, shall we say, incredibly generous offer to locals, as the company continues to combat lagging sales.

Xiaomi plans to enter the European electric vehicle market by 2027, aiming to challenge established players like Tesla and BYD, driven by the success of its YU7 SUV and a significant revenue boost.