Xiaomi Revs Up the Game with SU7 Electric Car Launch, Aims to Dominate Global Auto Scene

Xiaomi's Bold Entry into Electric Cars: SU7 Unveiled, Paving the Way for a Tech-Packed, Affordable Driving Future!

Dec 28, 2023 - 08:06
Dec 28, 2023 - 08:07
Xiaomi Revs Up the Game with SU7 Electric Car Launch, Aims to Dominate Global Auto Scene
Xiaomi Revs Up the Game with SU7 Electric Car Launch, Aims to Dominate Global Auto Scene

Chinese tech company Xiaomi has shown off its first electric car, the SU7, and it wants to be one of the world's top five car makers. Xiaomi's CEO, Lei Jun, says the car has a super-fast electric motor, even faster than Tesla and Porsche cars. The car is expected to be available for sale in a few months. But, it's coming out at a time when China's car market is having some problems with too many cars and not enough people buying them.

Lei Jun still dreams big, saying, "In the next 15 to 20 years, we want to be one of the top 5 car makers in the world and make China's car industry better." He also wants Xiaomi to build a car as cool as Porsche and Tesla.

Xiaomi SU7 Electric Car

The SU7 is supposed to be cool for a few reasons. It will work like Xiaomi's phones and other devices, making it easy for people who already use Xiaomi stuff. The car will come in two versions, one that can drive up to 668 km (415 miles) on one charge and another that can go up to 800 km. For comparison, Tesla's Model S can go up to 650 km.

We don't know how much the car will cost yet, but Lei Jun says it might be a bit expensive, but people will think it's worth it.

Xiaomi wants its car to be great in winter too. The SU7 can charge up fast even in cold weather, and it has special tech to see things like obstacles in the snow.

Lei Jun also says Xiaomi's cars will be super smart and can drive by themselves.

Even with all these big plans, Xiaomi's stock price didn't go up after the news. Xiaomi is a big tech company in China, and it's trying to sell cars because not as many people are buying smartphones.

Xiaomi promised to spend $10 billion on cars over ten years. The cars will be made in a big factory in Beijing that can make 200,000 cars every year. Xiaomi is one of the few new companies in China that got permission to make cars because there are already too many cars in the country.

In China, Xiaomi has tough competition from other electric car makers like BYD, which has a big share of the market, and Tesla, which is also popular.

Also Read: Nio's New Electric Car Takes On Luxury Rivals Maybach and Panamera

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