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Xiaomi enters challenging Chinese auto market with $29,870 electric car, ET Telecom

Xiaomi: "In the three years of developing this car, my biggest realization is that making cars is extremely difficult. Even a giant like Apple gave up on it," Lei said to a packed audience at the event, which included high-profile Chinese auto executives, including the leaders of Chinese EV makers Xpeng , Nio and Li Auto.

Xiaomi Boasts SU7 s Price is Far Cheaper Than Tesla Model 3, Beats 90% of Latter s Specs

Xiaomi CEO teases price on upcoming car, showrooms begin displaying vehicle, ET Telecom

Anticipation for the car has been building up since Xiaomi unveiled the vehicle in December and announced it aimed to become one of the world s top five automakers. Lei has touted it as having technology capable of delivering acceleration better than Tesla cars and Porsche s EVs.

Xiaomi s SU7 EV Launch Price Cheaper Than Tesla Counterpart, CEO Confirms

Xiaomi set to revolutionise EV market with SU7 launch, shares surge 7 pc

China's tech giant Xiaomi has announced the commencement of deliveries for its first electric vehicle (EV) model, SU7, this month, marking its foray into the competitive automotive landscape, Reuters reported. Xiaomi, the country's fifth-largest smartphone maker, shared the news via Weibo, revealing that orders can be placed at its 59 stores in 29 cities nationwide.

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