Xiaomi investors are going to pay dearly for this project. Rest assured it's going to be a failure.
I foresee the only 3 Chinese EVs makers that can survive are BYD, Xpeng and Li Auto.
That fucker Elon Musk has sold his soul and IPs to the Chinese for short-term profit. Many are copying his designs and technologies, not to mention to also improve on them, especially to suit to their Chinese consumers.