ElectricVehicle Giant Xiaomi Releases First EV SU7, Undercutting Tesla – Orders Start Thursday
Beijing, China – Chinese smartphone giant Xiaomi is making a bold entry into the electric vehicle market, set to unveil its first electric car, the Speed Ultra 7 (SU7), and begin accepting orders this week. The CEO, Lei Jun, revealed that the SU7 will be priced below 500,000 yuan, marking Xiaomi’s venture into the competitive realm dominated by players such as Tesla and BYD. As global sales growth of electric vehicles slows down, Xiaomi plans …