Xiaomi is usually associated with smartphones and cheap electronics. But now the Chinese giant has officially entered the electric car market. On Thursday, the company showed its first electric car. The SU7 model surprises primarily with its price.
Xiaomi showed its first electric car. What is the price for SU7?
The company’s president, Lei Jun, said during a press conference that the Xiaomi Speed Ultra 7 (SU7) electric car will be sold in China at a price of PLN 215,900,000. yuan in the standard version. That’s approx. 119 thousand. PLN or almost 30 thousand dollars at the current exchange rate. For comparison, Tesla Model 3 prices in China start at 245,900 yuan (almost PLN 136,000 or $34,000). “With this move, the tech giant will face rivals in the electric vehicle industry, including Tesla and BYD,” he comments.
SU7 PRO version costs PLN 249,000. yuan (approx. PLN 137,000), and in the MAX version it is 299,000. yuan (almost PLN 165,000). “Prices are about 15-20 percent lower than expected,” notes journalist Adam Borusewicz, who runs the podcast “Energy for green.”
Lei Jun also said directly that the standard version of the Xiaomi SU7 electric car is more than 90% superior to the Tesla Model 3. specifications. For example, the Chinese giant’s electric car reportedly has a range of at least 700 kilometers (the range of the Tesla electric car is 606 km). Xiaomi’s president pointed out that Model 3 excels only in two aspects, but the company is to change this within at least 3 years.
It turns out that the Chinese were really waiting for this day. Xiaomi announced that within 27 minutes of the start of sales, it received over 50,000. orders for the SU7 electric car – writes. Deliveries of electric cars of this brand are scheduled to start at the end of April.
Lei Jun boasted during the conference that the factory where these vehicles will be manufactured performs all key production stages completely automatically. He also stated that the plant can produce one SU7 electric car in 76 seconds. As explained by the BBC, the Xiaomi electric car will be produced by a branch of the state car manufacturer BAIC Group at a factory in Beijing. Its production capacity is 200,000. vehicles per year.
Xiaomi enters the electric market. It wants to compete with Tesla and BYD
The BBC also points out that Xiaomi showed its first electric vehicle at a time of global slowdown in the sales growth of this type of vehicles. This, in turn, causes a price war between companies – also in China. Elon Musk’s Tesla has reduced the price of its vehicles in the country in recent months. A similar step was taken by the Chinese BYD, which has surpassed Tesla and is now the world’s largest manufacturer of electric cars.
Source: Gazeta
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