The new SU7 electric sedan will start from under 500,000 yuan or less than $69,000 in China.The base single-motor model gets 295 hp, while the flagship dual-motor version pumps out 664 hp.Production will take place at a BAIC Group-owned facility in Beijing. The smartphone gurus at Xiaomi have done what Apple has been unable to do and built a compelling electric vehicle that will soon hit the market.
Watch: Ex-BMW Designer Chris Bangle Blesses Xiaomi’s SU7 In New Promos A price tag of around 500,000 yuan will put the SU7 in competition with the Nio ET7 sedan which also starts at around the half-a-million mark. It significantly undercuts the imported Porsche Taycan, which starts at over 900,000 yuan and tops out at over 1.4 million . Xiaomi will announce pricing this Thursday and start accepting orders for the sedan.
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