by Lei Jun, the CEO of Xiaomi, hinted at the cost of the Chinese company’s initial electric vehicle Xiaomi Su7 before its debut later this week. The teaser from Jun has sparked anticipation and speculation among consumers and industry experts alike, as they eagerly await the official unveiling of Xiaomi’s entry into the electric vehicle market.
The announcement has generated buzz and excitement, with many curious to see how Xiaomi’s offering will stack up against competitors in the rapidly growing electric vehicle sector.
Lei mentioned on the Chinese social media platform Weibo that the Xiaomi SU7 aims to excel in aesthetics, performance, and intelligence as a sedan priced below 500,000 yuan ($69,328).
Xiaomi is set to unveil the SU7 electric vehicle and commence accepting orders on Thursday.
The SU7 will be available in two variants – one offering a driving range of 668km (415 miles) on a single charge, and the other providing a range of up to 800km.
Xiaomi, a prominent Chinese technology company, has committed significantly to invest a staggering $10 billion (equivalent to approximately Rs. 83,500 crore) in the automotive industry over ten years.
This substantial investment showcases Xiaomi’s determination to establish a strong presence in China’s electric vehicle (EV) market. Notably, Xiaomi has managed to secure approval from the authorities, which is a noteworthy achievement considering the cautious approach taken by regulators due to the existing oversupply of EVs in the market.
Lei has emphasized the technological prowess of this product, claiming that it surpasses both Tesla cars and Porsche’s electric vehicles in terms of acceleration capabilities.
Xiaomi’s retail outlets in China unveiled the new car model on Monday, attracting a crowd of interested buyers and automotive enthusiasts eager to catch a glimpse of the stunning “ocean blue” variant.
Furthermore, the tech giant made its “Xiaomi Car” application available for download on various Chinese app platforms, further enhancing the overall customer experience and accessibility to their latest innovation.
