Xiaomi’s SU7 electric car

By Peter Hoskins

Business reporter

Chinese technology giant Xiaomi says it will start deliveries of its first electric vehicle (EV) this month – its first ever foray into the competitive automotive industry.

The car’s price is expected to be announced on 28 March.

China’s fifth-largest smartphone maker says it has 59 stores in 29 cities around the country to take orders.

It comes as a price war intensifies between firms like BYD and Tesla in China, the world’s biggest car market.

At the unveiling of the Speed Ultra 7 (SU7) last year, Xiaomi’s chief executive Lei Jun said the company aims to become one of the top five car makers in the world.

The smartphone giant has said it will invest $10bn (£7.8bn) in its vehicles business over the next 10 years.

Mr Lei said the SU7 was “super electric motor” technology which is capable of accelerating faster than some Tesla and Porsche EVs.

Xiaomi is also hoping that the car’s shared operating system with its phones and other devices will appeal to existing customers.

It is one of the few new prospective entrants to the China’s electric car market to gain approval from authorities as officials try to curb a flood of new players.

The SU7 will be made by a unit of state-owned car manufacturer BAIC Group at a plant in Beijing that can produce as many as 200,000 vehicles a year.

The launch of Xiaomi Automobile comes as a price war in China’s EV market has been intensifying.

Tesla, which is headed by multi-billionaire Elon Musk, has cut the cost of its cars in China by thousands of dollars in recent months as local rivals like BYD have slashed its prices.

Xiaomi shares jumped by more 10% in Hong Kong after today’s announcement.

Source

35 comments
  1. Attractive section of content. I just stumbled upon your blog and in accession capital to assert that I get in fact enjoyed account your blog posts. Anyway I’ll be subscribing to your feeds and even I achievement you access consistently fast.

  2. Great post. I used to be checking constantly this blog and I am impressed! Extremely useful info particularly the ultimate section 🙂 I deal with such info much. I used to be seeking this certain information for a very lengthy time. Thanks and good luck.

  3. I was recommended this website via my cousin. I’m now not positive whether or not this put up is written by way of him as nobody else know such particular approximately my difficulty. You are amazing! Thank you!

  4. What Is ZenCortex? ZenCortex is a natural supplement that promotes healthy hearing and mental tranquility. It’s crafted from premium-quality natural ingredients, each selected for its ability to combat oxidative stress and enhance the function of your auditory system and overall well-being.

  5. I know this if off topic but I’m looking into starting my own weblog and was wondering what all is required to get setup? I’m assuming having a blog like yours would cost a pretty penny? I’m not very internet smart so I’m not 100 sure. Any recommendations or advice would be greatly appreciated. Thanks

  6. That is the right weblog for anybody who needs to seek out out about this topic. You realize a lot its nearly laborious to argue with you (not that I really would want…HaHa). You undoubtedly put a new spin on a topic thats been written about for years. Nice stuff, simply great!

  7. ProNerve 6 nerve relief formula stands out due to its advanced formula combining natural ingredients that have been specifically put together for the exceptional health advantages it offers.

  8. Greetings from Florida! I’m bored to tears at work so I decided to browse your site on my iphone during lunch break. I enjoy the information you present here and can’t wait to take a look when I get home. I’m surprised at how quick your blog loaded on my phone .. I’m not even using WIFI, just 3G .. Anyhow, fantastic blog!

  9. I like this website so much, saved to favorites. “Respect for the fragility and importance of an individual life is still the mark of an educated man.” by Norman Cousins.

  10. I’m really enjoying the design and layout of your blog. It’s a very easy on the eyes which makes it much more enjoyable for me to come here and visit more often. Did you hire out a developer to create your theme? Excellent work!

  11. We’re a group of volunteers and starting a new scheme in our community. Your web site offered us with valuable information to work on. You have done an impressive job and our entire community will be grateful to you.

  12. Hi! I could have sworn I’ve been to this blog before but after reading through some of the post I realized it’s new to me. Anyways, I’m definitely delighted I found it and I’ll be bookmarking and checking back frequently!

  13. Awsome article and straight to the point. I don’t know if this is in fact the best place to ask but do you guys have any ideea where to employ some professional writers? Thanks in advance 🙂

  14. I do believe all of the ideas you have offered in your post. They are really convincing and will certainly work. Still, the posts are very brief for novices. Could you please lengthen them a little from next time? Thanks for the post.

  15. The other day, while I was at work, my sister stole my iphone and tested to see if it can survive a 40 foot drop, just so she can be a youtube sensation. My apple ipad is now destroyed and she has 83 views. I know this is totally off topic but I had to share it with someone!

  16. Hello there! I could have sworn I’ve been to this site before but after checking through some of the post I realized it’s new to me. Nonetheless, I’m definitely glad I found it and I’ll be bookmarking and checking back often!

  17. great post, very informative. I wonder why the other specialists of this sector do not notice this. You should continue your writing. I’m confident, you have a great readers’ base already!

  18. I am not sure where you are getting your info, but great topic. I needs to spend some time learning much more or understanding more. Thanks for wonderful information I was looking for this info for my mission.

  19. After I initially commented I clicked the -Notify me when new feedback are added- checkbox and now every time a comment is added I get four emails with the identical comment. Is there any means you possibly can remove me from that service? Thanks!

  20. certainly like your web site but you have to take a look at the spelling on several of your posts. A number of them are rife with spelling problems and I find it very troublesome to tell the truth on the other hand I will certainly come again again.

  21. hello there and thank you for your info – I’ve certainly picked up something new from right here. I did however expertise some technical issues using this web site, since I experienced to reload the web site a lot of times previous to I could get it to load correctly. I had been wondering if your hosting is OK? Not that I’m complaining, but slow loading instances times will very frequently affect your placement in google and can damage your high quality score if ads and marketing with Adwords. Well I am adding this RSS to my email and can look out for a lot more of your respective exciting content. Ensure that you update this again very soon..

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Time travel: What if you met your future self?

By Hal Hershfield15th November 2023 Imagining a conversation with “future you” has…

Can AI cut humans out of contract negotiations?

By Sean McManus Technology Reporter “Lawyers are tired. They’re bored a lot…

OpenAI staff demand board resign over Sam Altman sacking

By Chris Vallance, Annabelle Liang & Zoe Kleinman Technology and business reporters…

Nasa astronaut Frank Rubio has just returned from a record-breaking 371 days in space onboard the ISS, but the trip may have altered his muscles, brain and even the bacteria living in his gut.

With a few handshakes, a brief photoshoot and a wave, Nasa astronaut…

Black Women in Cybersecurity Initiative

About this event 1 hour Mobile eTicket Overview The Black Women in…

Xi Jinping arrives in the US as his Chinese Dream sputters

By Tessa Wong Asia Digital Reporter, BBC News When Xi Jinping stepped…

China and Australia: Frenemies who need each other

By Nick Marsh Asia Business Correspondent China and Australia are proof that…

AI: EU agrees landmark deal on regulation of artificial intelligence

European Union officials have reached a provisional deal on the world’s first…