"Xiaomi's EV Success: 120K Orders Challenge Tesla in China"
TL;DR Summary
Chinese tech giant Xiaomi has entered the electric vehicle market with its first offering, the SU7 sedan, which has received an overwhelming response of 120,000 orders within 36 hours of its launch. Positioned as a direct competitor to Tesla's Model 3, the SU7 boasts a minimum driving range of 700 kilometers and a base model price of under $30,000 in the Chinese market. Despite initial losses on each vehicle sold, Xiaomi is confident in its new venture and aims to further boost its standing in the tech and automotive industries.
- Not Content At Being An Apple Killer, Xiaomi Challenges Elon Musk's Tesla, Rakes In 120K Orders For First Benzinga
- Smartphone maker Xiaomi switches from Apple to Tesla challenger as its first EV racks up 120,000 orders in 36 hours Yahoo Finance
- Xiaomi's EV buyers face up to seven-month wait for car, app shows Reuters
- 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
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