China's Xiaomi will price its Tesla EV rival under $69,400, CEO says ahead of Thursday launch

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On Thursday, Xiaomi will officially launch the SU7, its first electric vehicle, and begin taking orders.

Xiaomi CEO Lei Jun on Monday teased the price of the Chinese firm's first electric vehicle ahead of its official launch this week.

"The goal of the Xiaomi SU7 is to be the best looking, best driving, and most intelligent sedan under 500,000 yuan ," Lei said in a

 

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