Posted 3/13/2024, 9:30:00 AM
Xiaomi Launches Speedy New Electric Car, Beating Apple to the Punch
- Xiaomi is launching its first electric vehicle, the Speed Ultra 7 (SU7), in China on March 28, just 3 years after announcing its EV plans
- Xiaomi benefited from a partnership with BAIC Group to get manufacturing permits faster than Apple
- The SU7 can accelerate from 0-100 kph in 2.78 seconds and targets the "premium" EV market
- Xiaomi aims to build 200,000 EVs per year compared to Apple struggling with its "Bread Loaf" prototype
- Xiaomi faces challenges like slower EV demand in China and rivals like Tesla, but achieved in 3 years what Apple tried for a decade