Xiaomi's Electric Vehicle Launch: 120,000 Orders Signal Strong Tesla Competition
TL;DR
Xiaomi's new electric sedan, the SU7, has garnered strong demand, with potential buyers facing up to a seven-month wait for delivery, as indicated on the company's app. The pre-orders for the vehicle reached 88,898 within the first 24 hours, prompting Xiaomi to release special "Founder's Edition" versions with complimentary gifts. Despite the wait time, Xiaomi's foray into the electric vehicle market has generated significant interest, with the company's Beijing factory capable of producing 200,000 cars annually awaiting regulatory approval to start manufacturing in China.
Topics:businessbusiness-automotive#business-automotive#demand#electric-vehicle#manufacturing#su7#xiaomi
- Xiaomi's EV buyers face up to seven-month wait for car, app shows Reuters
- Smartphone maker Xiaomi switches from Apple to Tesla challenger as its first EV racks up 120,000 orders in 36 hours Yahoo Finance
- Xiaomi: Chinese smartphone giant takes on Tesla BBC.com
- Xiaomi SU7 Races Into China EV Market: 120,000 Orders For Tesla Model 3 'Upgrade' Investor's Business Daily
- Chinese Tech Billionaire Lei Jun Launches Electric Vehicles At Cheaper Prices Amid Heavy Competition Forbes
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