Xiaomi's first electric vehicle SU7 is displayed at a showroom of a newly opened Xiaomi store in Beijing, China, on Mar 25, 2024.
The company will on Thursday evening announce its official price range and start taking orders for the SU7, short for Speed Ultra 7. CEO Lei Jun's comments, made on his official Weibo account, mark the first time the company has confirmed the upper end of its price range. Among those in line was Jim Yan, who said he admired the SU7's curves and design aimed at decreasing drag.
"In my mind, Xiaomi's pricing is at most mid-range. If the price is too high, especially since this is their first car, I think it remains to be tested by the market," Yan said.
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