In recent months, technology giant Xiaomi introduced its highly anticipated first car, the Xiaomi SU7. The SUV model, which started taking orders in 59 stores in 29 cities in China, is preparing to compete with strong industry players such as BYD and Tesla.
The official price of the SU7, which will be offered in Gulf Blue, Elegant Gray, and Olive Green color options, will be announced on March 28. According to leaks, the starting price is expected to be $26,650, and the fullest package will be $42,000.
Xiaomi’s goals in the automotive sector are quite ambitious. The company plans to become one of the five largest automakers in the world and invest 10 billion dollars in the vehicle business in the next 10 years.
Xiaomi is expected to release more electric vehicle models in the coming years and not be limited to the SU7. This shows that the company is taking firm steps towards becoming an important player in the automotive industry.
Featured image credit: Xiaomi