Lei Jun, the cofounder and CEO of Xiaomi, unveiled the company’s first electric vehicle on Thursday, marking the Chinese smartphone maker’s entry into the country s highly competitive EV market.
Smartphone maker Xiaomi on Thursday unveiled its first electric vehicle SU7, which will hit the streets in 2024. The price of the luxury vehicle was not disclosed at the event. However, the company's CEO hinted it to be "a little bit higher." SU7, pronounced as "Sue Qi" in Mandarin is expected to beat Porsche's Taycan and Tesla's Model S in acceleration, CEO Lei Jun said. In 2021, the company revealed its plan to enter the EV industry by initially investing RMB 10 billion ($1.4 billion) and inve
Xiaomi s first electric car, which is codenamed as Speed Ultra, is a rival to the likes of Tesla Model S. The Chinese smartphone giant has moved ahead of Apple in terms of foraying into the global electric vehicle segment.
Xiaomi s CEO, Lei Jun, unveiled the Xiaomi EV Technology launch event on Christmas day, which will exclusively focus on technology with no introductions of new products.
BAIC Group, a Beijing-based automaker, has sought approval from regulators to manufacture two electric vehicles (EVs) under the Xiaomi brand, according to China s industry ministry website. This move by Xiaomi, known for its smartphones and appliances, could intensify competition in the world s largest auto market, which has been grappling with overcapacity and slowing demand. BAIC ORV plans to produce two versions of the Xiaomi-branded model in Beijing, one with BYD s lithium iron phosphate batteries and the other with CATL s nickel- and cobalt-based lithium batteries. Both models will feature the "MI" logo and the "Xiaomi" name.