Posted 3/29/2024, 6:39:00 PM
Tesla Faces Budget Challenge from Xiaomi's New 435-Mile EV Sedan
- Tesla facing new competition in China from Xiaomi's new EV sedan, the SU7, which starts at around $30,000 - cheaper than Tesla's Model 3
- SU7 has range of 435 miles on single charge, more than Model 3's 379 miles
- 50,000 SU7 orders placed in first 30 minutes when ordering opened
- Xiaomi working with Beijing Automotive Group to manufacture SU7
- Xiaomi best known for smartphones and consumer electronics, SU7 is first EV
