- Xiaomi announced the final price of its luxury electric sedan, SU7 Ultra, at 529,900 yuan ($72,931), much lower than the initial 814,900 yuan sticker price.
- The base model is priced under $30,000, making it more affordable than Tesla’s Model 3 in China.
- With a driving range of up to 800 km and advanced “super electric motor” technology, the SU7 rivals Tesla and Porsche in performance.
Why Did Xiaomi Cut the Price?
When Xiaomi first introduced the SU7 Ultra, it was priced significantly higher. However, the company has now slashed the price, likely to attract more customers and compete aggressively in the growing EV market. With a $10 billion investment in the automotive sector, Xiaomi is making a strong push to establish itself as a serious player in electric mobility.
The SU7 Ultra is packed with cutting-edge technology, offering acceleration speeds faster than Tesla and Porsche’s electric cars. Consumers can choose between two versions—one with a 668 km range and another stretching up to 800 km on a single charge.
How Does It Compare to Tesla?
One of the biggest highlights of Xiaomi’s pricing strategy is that the base model of the SU7 costs $4,000 less than Tesla’s Model 3 in China. This competitive pricing, along with Xiaomi’s advanced battery technology and sleek design, could make the SU7 a top contender in the EV market.
With the official deliveries already underway in China, Xiaomi’s bold move signals a shift in the electric car landscape. Could this be the Tesla rival that finally shakes up the industry?
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