Overview

• Xiaomi's first electric vehicle, the Speed Ultra 7 (SU7), will begin deliveries on March 28, marking the tech giant's ambitious entry into the automotive sector.
• The SU7 boasts superior acceleration compared to some Tesla and Porsche models, along with a range of up to 497 miles and advanced driver-assist features.
• Xiaomi plans to invest $10 billion in its vehicle business over the next decade, with aspirations to become one of the world's top five automakers.
• The SU7 is expected to be priced competitively, potentially between 250,000 yuan ($34,800) and 370,000 yuan ($51,500), in a market currently experiencing a fierce price war.
• Xiaomi's automotive venture is part of a broader strategy to diversify beyond smartphones and other electronics, amidst stagnating demand in those sectors.