TECH - Xiaomi's Budget EV Makes Waves With 70000 Lock-In Orders | Benzinga
China’s newest EV entrant, Xiaomi Corp (OTCPK: XIACF), has reportedly received lock-in orders for over 70,000 of its SU7 electric sedans as of Saturday.
What Happened: Xiaomi founder Lei Jun said in an investor conference that the company aims to deliver over 100,000 SU7 vehicles this year, Reuters reported.
The company has already received over 70,000 orders for the vehicle where buyers have opted for non-refundable deposits, the report added.
Xiaomi is looking to focus its car ...