Xiaomi's New EV Sets Preorder Record with 90K Orders Despite 7-Month Wait

• Xiaomi received nearly 90,000 preorders for its first EV, the Xiaomi SU7, within 24 hours of opening orders • High demand means customers face 7-month wait times for delivery of the SU7 • SU7 pricing starts at $29,900, undercutting the Tesla Model 3 while offering more range and tech features • The 800V EV platform enables up to 515 miles of range on a charge • Xiaomi partnered with BAIC to produce the SU7 in China, with capacity for up to 300,000 vehicles per year