Xiaomi unveils its first electric car XIAOMI SU7

Xiaomi founder and CEO Lei Jun speaks at an event on the company's first electric vehicle (EV) SU7, in Beijing, China Dec 28, 2023 Xiaomi unveils its first electric car XIAOMI SU7 Xiaomi Reveals Debut Electric Car, Aiming to Propel into Top Automakers League Xiaomi, the renowned Chinese smartphone producer, unveiled its inaugural electric vehicle, marking a significant leap into the automotive realm. The announcement, covered by Reuters, came with an ambitious proclamation: Xiaomi aspires to secure a spot among the world's leading five automakers. The sedan, named SU7, stands as a highly anticipated model expected to capitalize on its integrated operating system, sharing synergy with the company's immensely popular phones. However, this unveiling unfolds against the backdrop of the world's largest auto market grappling with an excess capacity issue and a slowdown in demand, igniting a competitive and intense price battle. Yet, Xiaomi's CEO, Lei Jun, remains undeterr...