On Thursday, Xiaomi Corporation (OTC: XIACY) unveiled its first EV as it looks to compete with Porsche and even the EV king itself, Tesla Inc (NASDAQ: TSLA). The Chinese consumer electronics company said to have spent more than $1.4 billion to develop its first EV, Xiaomi SU7. Nio Is Going All In Into The Super-Premium EV BattleEarlier on Saturday, Nio (NYSE: NIO) unveiled its flagship executive sedan, the ET9. Priced at 800,000 yuan, Nio is set to begin deliveries during the first quarter of 2025. Equipped by sophisticated proprietary technology and a superfast-charging battery pack, this mod…