Chinese smartphone maker Xiaomi has launched its first electric vehicle (EV) and will begin taking orders.
The company’s chief executive Lei Jun said the Speed Ultra 7 (SU7) would be priced at 215,900 yuan ($29,900; £23,600).
The move sees the technology giant taking on EV rivals including Tesla and BYD.
The move sees the technology giant taking on EV rivals including Tesla and BYD.
The firm is hoping that the SU7’s shared operating system with its phones, laptops and other devices will appeal to existing customers.
Xiaomi is the third-largest seller of smartphones worldwide with a market share of about 12%, according to research firm Counterpoint.
The SU7, which Xiaomi has been teasing since last year, has drawn comparisons to Porsche’s Taycan and Panamera sports car models.
It will be made by a unit of state-owned car manufacturer BAIC Group at a plant in Beijing that can produce as many as 200,000 vehicles a year.
“While getting this far is itself quite an achievement, the ultimate achievement would be to demonstrate that there is a consumer market for Xiaomi as a smart EVs brand,” Bill Russo of Automobility told the BBC.
Chinese smartphone maker Xiaomi has launched its first electric vehicle (EV) and will begin taking orders.
The move sees the technology giant taking on EV rivals including Tesla and BYD.
The company’s chief executive Lei Jun said the Speed Ultra 7 (SU7) would be priced at 215,900 yuan ($29,900; £23,600).
The firm is hoping that the SU7’s shared operating system with its phones, laptops and other devices will appeal to existing customers.
The move sees the technology giant taking on EV rivals including Tesla and BYD.
The move sees the technology giant taking on EV rivals including Tesla and BYD.
The firm is hoping that the SU7’s shared operating system with its phones, laptops and other devices will appeal to existing customers.
Xiaomi is the third-largest seller of smartphones worldwide with a market share of about 12%, according to research firm Counterpoint.
The SU7, which Xiaomi has been teasing since last year, has drawn comparisons to Porsche’s Taycan and Panamera sports car models.
It will be made by a unit of state-owned car manufacturer BAIC Group at a plant in Beijing that can produce as many as 200,000 vehicles a year.
“While getting this far is itself quite an achievement, the ultimate achievement would be to demonstrate that there is a consumer market for Xiaomi as a smart EVs brand,” Bill Russo of Automobility told the BBC.
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