Xiaomi's $29,900 Electric Car Challenges Tesla in Cutthroat EV Race
TL;DR Summary
Xiaomi has unveiled its electric car, the SU7, which will be priced at 215,900 yuan ($30,408) in China, undercutting Tesla's Model 3. The company plans to start deliveries by the end of April and claims that its car factory can produce an SU7 every 76 seconds. The car is entering a competitive market in China, where other companies are launching new models and cutting prices. Xiaomi's CEO also announced a "Max" version of the SU7 aimed at competing with Porsche's Taycan, priced at 299,900 yuan.
- Xiaomi releases electric car $4k cheaper than Tesla's Model 3 as price wars heat up CNBC
- China’s Xiaomi joins the crowded EV race with ‘dream car’ to take on Tesla CNN
- Xiaomi Enters Cutthroat EV Race With $29,900 SU7 Series Bloomberg
- China's latest EV is a 'connected' car from smart phone and electronics maker Xiaomi The Associated Press
- Xiaomi set for plunge into EVs at a tricky time for China autos Reuters
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