Big news from the electric vehicle (EV) world: Xiaomi, the tech giant known for smartphones, just threw its hat into the EV ring with its new ride, the SU7.
Now, why is this a big deal? Well, Xiaomi’s CEO, Lei Jun, made quite the statement. He said the SU7 not only beats Tesla’s Model 3 on over 90% of its features but also comes with a price tag that’s lower than expected—selling for about £24,000 in China.
That’s a bold move, considering Tesla’s Model 3 starts at £27,000 in China. But here’s the kicker: Xiaomi’s SU7 promises a longer driving range than the Model 3, boasting an impressive 435 miles on a single charge.
Tesla’s been feeling the heat in China lately, facing tough competition from local giant BYD. But with Xiaomi’s entry into the market, the competition just got fiercer.
Early signs are promising for Xiaomi, with over 50,000 orders flooding in within the first 27 minutes of the SU7’s availability. Deliveries are set to begin next month.
Xiaomi isn’t stopping there—they’re investing a whopping £8 billion in their auto ventures over the next decade. And get this—they’re eyeing a spot among the top five automakers globally within the next 15 to 20 years.
So, buckle up—things are about to get interesting in the world of EVs!
