Xiaomi, the renowned Chinese smartphone maker, has unveiled its first electric vehicle, the SU7. With a price tag starting from RMB215,900 (=AUD45,800), Xiaomi has what it takes to upset the status quo of stylish EVs such as Porsche and Tesla.
The company reported an astounding achievement, garnering over 50,000 orders within a mere 27 minutes of launching its sales on 28th of March 2024 in China.
The combined share of EVs and hybrids in China’s auto sales is likely to reach 42% to 45% this year, up from 35% in 2023, according to Fitch Ratings. Known for its affordable smartphones, smart TVs, and other devices, Xiaomi aims to capitalize on that technology by connecting its cars with its phones and home appliances in what it calls a “Human x Car x Home” ecosystem.
The dual-motor version is dubbed SU7 Max and has combined horsepower of 673 hp (495 kW), and peak torque of 838 Nm. Xiaomi claims an impressive 0 to 100 km/h sprint time of 2.78 seconds, on par with Porsche Taycan Turbo and Tesla Model 3. The range on SU7 Max is 810 km, which has outperformed both Porsche and Tesla, at only a quarter of Taycan's price.
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