Xiaomi unveils first self-developed electric vehicle model SU7

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SU7

29th March 2024 – (Beijing) Chinese technology giant Xiaomi made a significant foray into the electric vehicle (EV) market with the release of its first self-developed new energy vehicle model, the SU7. The company unveiled three versions of the model, namely the SU7, SU7 Pro, and SU7 Max, which will be available at prices ranging from 215,900 yuan to 299,900 yuan.

The SU7 and SU7 Max boast a minimum range of 700 kilometres and are set to be delivered to customers starting in late April. The SU7 Pro, on the other hand, is scheduled for delivery by the end of May. Lei Jun, founder and CEO of Xiaomi, highlighted the company’s technological advancements in various key areas such as modelling design, batteries, intelligent driving, and intelligent cockpits during the launch event.

Xiaomi entered the new energy vehicle sector in 2021 and established a sprawling factory spanning over 700,000 square meters in Beijing. This move signifies the company’s commitment to the growing EV market in China.

According to data from the China Association of Automobile Manufacturers, the production volume and sales volume of new energy vehicles in China experienced robust growth in the first two months of this year. The production volume reached 1.25 million units, representing a 28.2% increase year-on-year, while sales volume reached 1.21 million units, marking a 29.4% year-on-year growth.