TECH - Xiaomi's SU7 Sedan Aims To Challenge Tesla's Model S With Price Lower Than Entry-Level Model 3 | Benzinga
Chinese tech giant Xiaomi (OTCPK: XIACF) on Thursday revealed the official pricing of its first EV- the SU7 sedan. The car, touted to be a rival to Tesla Inc‘s Model S and the Porsche Taycan, is priced way lower than the two.
What Happened: The vehicle will have a starting price of 215,900 yuan (about $28,872), Xiaomi CEO Lei Jun said at the launch event on Thursday. The pricier variants of the sedan, called Pro and Max, will start at 245,900 ($34,022) and 299,900 yuan ($41,494), respectively.
The car was first unveiled in December, with Xiaomi aiming to become one of the world's top five automakers. During the unveiling event, the CEO compared the vehicle to the Porsche Taycan and the Tesla Model ...