Xiaomi s Lei Jun and Lu Weibing celebrated over 70,000 SU7 orders, praising strong electric car sales. The company s strategic plans involve no off-road vehicles, focusing on delivering Max and Pro models.
Xiaomi Ev: The SU7, whose design has drawn comparisons with Porsche s Taycan and Panamera sports car models, has been launched amid a cut-throat price war in the world s largest auto market where more than 40 brands vie for consumer attention.
Depending on the model ordered, buyers could get their vehicles delivered earlier. Xiaomi introduced its first electric vehicle just last month called the SU7, and prospective buyers are already lining up to get one for themselves.
Xiaomi Ev: Xiaomi s shares rose 16% following the launch of its electric vehicle, the SU7. Despite strong interest with 88,898 pre-orders, Citi Research predicts significant losses due to fierce competition in the Chinese EV market.