Xiaomi announced that deliveries of its first electric vehicle, the SU7, will begin later this month, with a launch event scheduled for 28 March when pricing will be revealed. The company has committed US$10 billion to the automotive sector over the next decade, and cars will be produced at a Beijing factory with an annual capacity of 200,000 vehicles.
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The official launch event is scheduled for 28 March, during which the electric vehicle's pricing details will be unveiled.
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Through a Weibo post, Xiaomi revealed that 59 stores across 29 cities nationwide are ready to accept orders for the SU7.
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Through a Weibo post, Xiaomi revealed that 59 stores across 29 cities nationwide are ready to accept orders for the SU7.
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Notably, Xiaomi's shares experienced a notable 7% surge during morning trade, reflecting investor confidence in the company's ambitious venture.
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China's electric vehicle market has witnessed an 18% surge in sales during the first two months of this year, closely following the impressive 21% growth recorded in 2023.
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China's electric vehicle market has witnessed an 18% surge in sales during the first two months of this year, closely following the impressive 21% growth recorded in 2023.
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The company has committed to investing US$10 billion in the automotive sector over the next decade.
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The manufacturing will take place in a Beijing factory with an annual capacity of 200,000 vehicles, positioning Xiaomi to scale up production to meet growing demand in the evolving electric vehicle landscape.
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Xiaomi, China's fifth-largest smartphone maker, announced on Tuesday that it is set to roll out deliveries of its inaugural electric vehicle (EV), the SU7, later this month.
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