Xiaomi Launches Budget-Friendly Electric SUV in China Undercutting Tesla on Price and Range

Xiaomi's first EV, the SU7, will launch in China in April starting at $29,903, undercutting the Tesla Model 3 price by $9,000
The base SU7 model offers 434 miles of range with a 73.6kWh battery, exceeding the Model 3
Xiaomi aims to compete on price, performance, and integration with its ecosystem via custom Hyper OS
The SU7 will be available in 3 models base, Pro (516 mile range), and Max (503 miles, AWD)
Xiaomi currently has no plans to sell the SU7 outside of China, but success there could lead to further markets