Xiaomi launches its first electric vehicle Speed Ultra 7 (SU7) enters the competitive automotive industry. The vehicle will begin to be delivered this month. Here are the details…
Xiaomi starts electric car sales
China’s fifth largest smartphone manufacturer, Xiaomi, has started accepting orders at its 59 stores in 29 cities across the country. The price of SU7 will be announced on March 28. Xiaomi’s entry into the electric car market, BYD And Tesla It coincides with a period when the price war intensifies between companies such as.
At Xiaomi’s SU7 launch, CEO Lei Jun He announced that the company aims to become one of the five largest automobile manufacturers in the world. Xiaomi, next in 10 years vehicle business 10 billion dollars plans to invest.
Xiaomi’s ambitious SU7 model, ‘super electric engine‘ attracts attention with its technology and some Tesla And porsche It can accelerate faster than electric vehicles. Xiaomi also hopes that the car’s shared operating system with phones and other devices will appeal to existing customers.
SU7, by a unit of state-owned automaker BAIC Group 200 thousand vehicles per year It will be produced in a facility in Beijing that can produce it. Xiaomi has been authorized as one of the few companies in China’s electric vehicle market to allow new entrepreneurs.
The company’s shares are trading in Hong Kong after today’s announcement. 10 per centincreased by more than . Xiaomi’s entry into the automobile industry seems to further expand the company’s diversity and innovative approaches in the field of technology.
In your opinion, how might this development affect Xiaomi’s overall business strategies and position in the global technology market? Don’t forget to share your opinions.
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