Xiaomi CEO Lei Jun said the standard version of the SU7 will sell for 215,900 yuan in the country — a price he acknowledged would mean the company was selling each car at a loss.Lei claimed the standard version of the SU7 beat the Model 3 on more than 90% of its specifications, except on two aspects that he said it might take Xiaomi at least three to five years to catch up with Tesla on.
Deliveries are set to start by the end of April, he said. Lei also claimed that Xiaomi's car factory, for which all "key" steps are fully automated, can produce an SU7 every 76 seconds. It was not immediately clear whether the factory was fully operational.The car is entering a fiercely competitive market in China, where companies are launching a slew of new models and cutting prices in order to survive.
The SU7 supports Apple's Car Play and can integrate with the iPad, Lei said. He also revealed driver-assist tech for highways and cities, set to be fully available in China in August.