Xiaomi Speeds Into EV Market with High-Performance Sedan Deliveries This Month

• Xiaomi to start deliveries of first EV model, the Speed Ultra 7 (SU7) sedan, this month

• SU7 touted to have acceleration speeds faster than Teslas and Porsche EVs

• Xiaomi plans 59 stores in 29 cities to take SU7 orders; launch event March 28

• Xiaomi aiming to become a top 5 global automaker within a decade

• SU7 to be produced in Beijing factory with 200,000 annual capacity run by BAIC Group unit