Xiaomi SU7 Car Images Released

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Chinese carmaker Xiaomi filed an application to produce its first electric vehicles (EVs), releasing the first pictures of the business’s automotive venture. A branch of the Beijing-based carmaker BAIC Group will produce the SU7 and SU7 Max, two iterations of the new vehicle. The “Xiaomi” name will be featured on the back of both models, along with the “MI” logo on the front. The SU7 will be propelled by lithium-iron-phosphate batteries from BYD and have a maximum speed of 210 km/h, while the SU7 Max will be equipped with nickel- and cobalt-based lithium batteries from battery giant CATL and have a maximum speed of up to 265 km/h. 

China’s state planner gave Xiaomi permission to start producing electric vehicles in August, which may increase competition in the largest car industry in the world. With an initial production capacity of 150,000 units annually, Xiaomi’s facility located in the Beijing Economic and Technological Development Zone will produce the five-seater car. In late October, the company’s CEO, Lei Jun, announced that the car will go on sale in the first half of 2024.

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Our team at Eastern Finance is made up of young and knowledgeable professionals who are here to provide you with business news from an eastern perspective.

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