China’s Xiaomi Unveils Its First Electric Vehicle Priced at About $ 68,000

Xiaomi is a famous Chinese home appliance company nicknamed Mainland China’s Mistake. Their first electric vehicle, the SU7, was officially unveiled three days before the official launch at dealer shops in China. This vehicle can be said to be an achievement that Xiaomi has achieved three years after announcing its entry into the electric vehicle market.

The SU7 is a vehicle with 10 billion yuan (about $ 1.38 billion) invested in research and development alone. Apple also invested an astronomical amount of money in developing electric vehicles, but it failed, so the launch of Xiaomi’s SU7 is considered more meaningful. The vehicle, which is attracting worldwide attention, has revealed its real appearance and its price, and netizens are reacting enthusiastically to the price range.

The Price Range of the Xiaomi SU7

Xiaomi is a company that aims to become one of the world’s top five automobile manufacturers within the next 15 to 20 years. The recently released Xiaomi SU7 is expected to be the starting point for achieving the goal. Regarding this vehicle, Xiaomi itself evaluates it as superior to premium electric vehicles such as Tesla vehicles and Porsche Taycan.

The price of the SU7 is set at approximately 92 million won (about $68,200), which many netizens have been surprised by. Xiaomi’s Chairman explained the price justification: “The goal of Xiaomi SU7 is to be the best-looking, best-driving, and most intelligent sedan under 500,000 yuan (about $69,000).”

Xiaomi’s first step toward electric vehicle
What design elements did Xiaomi apply?

The exterior of the SU7 looks very similar to that of the Porsche Taycan. In addition, the front headlamp is placed low with a unique design, and the side part boasts a high-performance appearance with a smooth roofline. In the case of the rear, tail lamps are connected to the left and right, and a variable spoiler is combined to add uniqueness. Some officials who saw the design evaluated it as a model that targeted Porsche.

The interior has a minimalist design. The digital instrument panel and large display are the most noticeable features, and the interior boasts a clean look. In addition, the SU7 is equipped with an infotainment system developed by Xiaomi and an ADAS system powered by LiDAR, creating an overall sense of unity.

SU7 even has great features

Xiaomi’s first electric vehicle will be equipped with self-driving and self-parking functions, with an investment of 4.7 billion yuan (about $ 647.54 million). Additionally, it was overwhelming in performance comparison with the Porsche Taycan and Tesla Model 3. The maximum driving range of the SU7 is 800 km (497 miles), and it can travel a whopping 390 km (242 miles) with a 10-minute charge.