Xiaomi has secured 75,723 orders for its SU7 electric sedan as of April 24, setting a new record for an EV startup.
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Xiaomi SU7 has entered a crowded Chinese EV market with a price tag under USD 30,000 for its base model.
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Waiting period for Xiaomi SU7 Pro model is 18-21 weeks, while that for SU7 Max model is 27-30 weeks.
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Tesla’s Model 3 starts at 245,900 yuan in China while the Xiaomi SU7 is 30,000 yuan cheaper than it.
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Analysts have estimated that the Xiaomi SU7 will be priced at USD 27,668.26 to USD 41,502.39 or above.
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Xiaomi first flagged its interest to enter the EV market in 2021 as it had been seeking to diversify beyond its core business.
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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 …
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Xiaomi unveils SU7 EV, aiming for global recognition
by Biplab Dasby Biplab DasThe new model is expected to leverage Xiaomi’s established operating system, a feature it shares with the brand’s widely-used smartphones.
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This brings Xiaomi a step closer to realizing its goal of entering the automobile market by producing cars as early as next year.