Posted 4/1/2024, 7:51:00 PM
Xiaomi's New $30,000 Electric Car Sees 89,000 Orders on Day One Despite Potential Delays
- Chinese company Xiaomi received nearly 89,000 orders for its new SU7 electric vehicle on the first day
- Buyers face potential wait times of 18-30 weeks depending on the model
- Xiaomi's EV is priced around $30,000, cheaper than Tesla's Model 3 in China
- Xiaomi spent $1.5 billion on R&D to develop its entrance into the Chinese EV market
- Xiaomi mainly makes revenue from smartphones and consumer electronics
