Remember the Xiaomi SU7, the value-focused technology brand’s highly anticipated first foray into the automobile market that debuted last year? Well, it turns out it will be cheaper than the Tesla Model 3 after all, though Xiaomi CEO Lei Jun also admitted that it will be selling its self-developed electric car at a loss.
Xiaomi’s first electric car revealed by regulatory filings
A couple of new EVs from an unlikely carmaker are headed to the Chinese market soon. The Xiaomi SU7, Xiaomi SU7 Pro, and Xiaomi SU7 Max will be the first electric vehicles from the brand largely known for its budget smartphones and tablets, flagship-level camera phones, and smart home products.