Xiaomi Launches $30,000 Electric SUV with Better Range Than Tesla Model 3

Xiaomi, a major Chinese tech company, launched its first electric vehicle - the SU7 - which beats the Tesla Model 3 on price and range
The SU7 comes in 3 trims (Standard, Pro, Max) ranging from $29,990 to $41,500, undercutting the Model 3 in China by $4,000+
The SU7 has strong specs like 295-663 hp, 343-515 mile range, 800V architecture, and fast charging
The SU7 integrates with Xiaomi's existing electronics ecosystem
Xiaomi received 50,000 orders for the SU7 in just 27 minutes, posing a major threat to Tesla and others in China