Chinese technology powerhouse Xiaomi Corporation is set to mark another milestone in its electric vehicle journey with the planned completion of its manufacturing facility expansion …

Xiaomi has secured 75,723 orders for its SU7 electric sedan as of April 24, setting a new record for an EV startup.

Xiaomi SU7 has entered a crowded Chinese EV market with a price tag under USD 30,000 for its base model.

Waiting period for Xiaomi SU7 Pro model is 18-21 weeks, while that for SU7 Max model is 27-30 weeks.

Tesla’s Model 3 starts at 245,900 yuan in China while the Xiaomi SU7 is 30,000 yuan cheaper than it.

Analysts have estimated that the Xiaomi SU7 will be priced at USD 27,668.26 to USD 41,502.39 or above.

Xiaomi first flagged its interest to enter the EV market in 2021 as it had been seeking to diversify beyond its core business.

Xiaomi has officially entered the electric automotive market with the launch of the SU7 electric sedan. The Chinese smartphone giant offers the SU7 electric sedan …

The new model is expected to leverage Xiaomi’s established operating system, a feature it shares with the brand’s widely-used smartphones.

This brings Xiaomi a step closer to realizing its goal of entering the automobile market by producing cars as early as next year.