Xiaomi’s SU7 Electric Sedan Will Cost Half As Much As A Porsche Taycan

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The brand's first EV will be available for less than 500,000 yuan, roughly matching the Nio ET7

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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