Here's your summary from China's Xiaomi Raises Target for Marquee EV (https://www.youtube.com/watch?v=aUxV3Pp1EhM) on the Bloomberg Television channel:
**TLDR:** China's Xiaomi raises target for electric vehicles, showing healthy demand and ambition in a competitive market.
1. Xiaomi raised its target for electric vehicle production to 120,000 units, indicating healthy demand for their first foray into the industry.
2. The company's move from smartphones to electric cars is seen as a positive sign, especially as they aim to compete with Tesla in the long run.
3. Despite small numbers and competitive pricing, Xiaomi's future plans, including an SUV to rival Tesla's Model Y, show confidence in their production capabilities.
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