The Chinese electric car people were eagerly waiting for is now available for pre-orders. On Thursday, Xiaomi clarified that it had received more than 100,000 orders for its first electric vehicle, the SU7, after the start of deliveries. In contrast, in China, the company has started production of the first batch of 5,000 cars for its first deliveries.
Xiaomi has created its SU7—Speed Ultra 7 to compete with all-electric cars, which will be available at a lower price with better features. This car is believed to be available in China for less than $30,000 for the base model, cheaper than Tesla’s Model 3. So we can say that this car will be launched soon globally, and it will be affordable and have excellent features.
The company is ready for challenging times with a valuable facility that has already started manufacturing its cars to deliver the cars to its customers quickly. The company will achieve a new record for sales even in a startup.
According to the company, it had received 88,898 Pr-orders for the car in the first 24 hours of the sale and has advised buyers that they may have to wait for four to seven months. This statement shows a sign of the company’s strength. The company Byte has already produced 5,000 SU7 vehicles of the “Founder’s Edition” in a few days.
Additionally, CEO Lei Jun shared that the batch delivery will begin in 28 Chinese cities on Wednesday. After this, a ceremony will also be conducted. According to some experts, the company may also suffer losses even though it had revealed its plan in 2021.
After all this, the company said that other Chinese EV brands with comparable models will soon announce price cuts and subsidies, and their cars, which are priced between 200,000 and 300,000 yuan, will soon be launched with new models and features.
