"Xiaomi's Electric Car Launch Set to Challenge Tesla in China"

1 min read
Source: CNBC
"Xiaomi's Electric Car Launch Set to Challenge Tesla in China"
Photo: CNBC
TL;DR

Xiaomi announced the formal launch of its long-awaited electric car, the SU7, on March 28, with deliveries expected to begin soon after. The company has opened a waitlist for 59 stores in 29 Chinese cities, targeting the premium segment and aiming for deliveries to start in the second quarter. While the car was revealed at Mobile World Congress Barcelona, Xiaomi indicated it could be a few more years before the vehicle is sold overseas.

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