XIACF - In The Fast Lane: Xiaomi's First Car Is An EV With A Top Speed Of 165MPH | Benzinga
Xiaomi, a prominent player in the smartphone industry, is now making its grand entry into the electric vehicle (EV) market with the introduction of its first EV, the Xiaomi SU7, in China. The sedan is slated to begin mass production in Dec. 2023.
What Happened: Xiaomi Corp. (OTCPK: XIACF) is in the process of obtaining a sales license for the SU7 in China, according to a regulatory filing spotted by CarsNewsChina.
The EV, initially codenamed MS11, will be produced by Beijing Automotive Industry Holding Co. Ltd (BAIC), a unit of BAIC Motor Corp. (OTCPK: BCCMY).
The SU7’s specifications were disclosed as part of the licensing procedure, necessitating approval from the local authority, the Ministry of Industry ...