Xiaomi formally launched its much-anticipated electric car — the new Speed Ultra 7 sedan — on Thursday night in Beijing. Lei Jun, founder and CEO of the popular Chinese smartphone brand, teased the launch earlier this week by saying he wanted the company’s first electric vehicle to be the “best-looking, easiest to drive, and smartest car” priced below 500,000 yuan . “Xiaomi wants to build a ‘dream car’ comparable to Porsche and Tesla,” he said on Weibo Wednesday.
The biggest player in the industry, BYD, said earlier this week that its quarterly profit growth was the slowest in two years, as sales lost momentum. Xiaomi’s SU7 has been on display in showrooms in 29 cities across mainland China since Monday, according to Lei. Xiaomi, which made its name as manufacturer of smartphones and other consumer electronics, accounted for 13% of both global and Chinese smartphone sales in the last quarter of 2023, according to data from Counterpoint Research.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The Xiaomi 14 Ultra is a photography nerd’s dreamThe Xiaomi 14 Ultra offers some serious camera hardware, including a main 1-inch sensor. But the real fun starts when you connect the upgraded accessory grip.
Source: verge - 🏆 94. / 67 Read more »
Xiaomi to Launch Electric Vehicle to Compete with Tesla in ChinaXiaomi is entering the auto sector with its first-ever electric vehicle (EV), the Speed Ultra 7 (SU7), which boasts a range of up to 497 miles and can accelerate faster than some Tesla and Porsche EVs. Deliveries of the SU7 will begin on March 28.
Source: DigitalTrends - 🏆 95. / 65 Read more »
Xiaomi SU7, China's Apple Car, Beats Tesla Specs At Chevy Bolt PricesXiaomi got 50,000 firm orders for the SU7 within the first 27 minutes of its reservation books opening.
Source: InsideEVs - 🏆 579. / 51 Read more »
Xiaomi releases electric car $4K cheaper than Tesla's Model 3 as price wars heat upChinese smartphone company Xiaomi said Thursday it will sell its first car for far less than Tesla's Model 3, as price wars heat up in China's fiercely competitive electric car market.
Source: CNBC - 🏆 12. / 72 Read more »
NCT DREAM Breaks Own 1st-Day Sales Record + Tops Numerous Charts With “DREAM( )SCAPE”aespa may be making a comeback soon! On March 27, Ilgan Sports reported that according to industry insiders, aepsa is in the final stages of preparing for a May comeback.
Source: soompi - 🏆 574. / 51 Read more »
Music Review: NCT Dream try to pin down a vibe in latest EP, 'DREAM( )SCAPE'NCT Dream’s latest EP that's pronounced “dream escape” doesn’t impress The Associated Press’ Cristina Jaleru. She writes that the mini-album explores the beats of a cool, imaginary urban landscape but comes in and out of focus through a combination of tempo changes, innovative sounds and catchy yet somehow forgettable hooks.
Source: AP - 🏆 728. / 51 Read more »