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News electric vehicles / Business China Impact 2.0/10 3 min read
Xiaomi Enters Electric Vehicle Market With SU7 Model

Xiaomi Enters Electric Vehicle Market With SU7 Model

Xiaomi, the Chinese consumer electronics firm, has entered the electric vehicle market with the launch of the SU7 model. The vehicle, unveiled by CEO Lei Jun, is currently in trial production and slated for a domestic launch in the coming months. Xiaomi has invested over 10 billion yuan ($1.4 billion) in its development. The SU7 outperforms rivals like Porsche's Taycan and Tesla's Model S in acceleration. Xiaomi aims to become a key player in autonomous driving and create a 'Human x Car x Home' smart ecosystem. The SU7 will integrate with Xiaomi smartphones and home appliances and is compatible with Apple products. Two variants were listed by China's Ministry of Industry and Information Technology as tax-exempt battery-powered vehicles with a range of 628-800 km. The manufacturer is a subsidiary of Baic Group. Sales are expected to begin in 2024.

Xiaomi, the Chinese consumer electronics firm, has entered the electric vehicle market with the launch of the SU7 model. The vehicle, unveiled by CEO Lei Jun, is currently in trial production and slated for a domestic launch in the coming months. Xiaomi has invested over 10 billion yuan ($1.4 billion) in its development. The SU7 outperforms rivals like Porsche's Taycan and Tesla's Model S in acceleration. Xiaomi aims to become a key player in autonomous driving and create a 'Human x Car x Home' smart ecosystem. The SU7 will integrate with Xiaomi smartphones and home appliances and is compatible with Apple products. Two variants were listed by China's Ministry of Industry and Information Technology as tax-exempt battery-powered vehicles with a range of 628-800 km. The manufacturer is a subsidiary of Baic Group. Sales are expected to begin in 2024.

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Maldives Republic

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Jan 1, 2024

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Xiaomi, the Chinese consumer electronics firm, has entered the electric vehicle market with the launch of the SU7 model. The vehicle, unveiled by CEO Lei Jun, is currently in trial production and slated for a domestic launch in the coming months. Xiaomi has invested over 10 billion yuan ($1.4 billion) in its development. The SU7 outperforms rivals like Porsche's Taycan and Tesla's Model S in acceleration. Xiaomi aims to become a key player in autonomous driving and create a 'Human x Car x Home' smart ecosystem. The SU7 will integrate with Xiaomi smartphones and home appliances and is compatible with Apple products. Two variants were listed by China's Ministry of Industry and Information Technology as tax-exempt battery-powered vehicles with a range of 628-800 km. The manufacturer is a subsidiary of Baic Group. Sales are expected to begin in 2024.

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