Xiaomi, the world’s second-largest smartphone maker, has entered the electric vehicle (EV) market with a splash by launching its new electric car, the SU7. It received an impressive 88,898 pre-orders within just 24 hours, marking a significant change in the EV industry.

The SU7 is priced competitively at 215,900 yuan ($29,870) for the standard model. It’s gaining attention not only for its affordability but also for its stylish design, drawing comparisons to luxury sports cars like Porsche’s Taycan and Panamera.

Despite being new in the EV market, Xiaomi’s SU7 has quickly caught the eye of consumers in China’s competitive auto market. Due to high demand, potential buyers may face wait times of four to seven months for delivery, with the standard model taking 18-21 weeks and the Pro model possibly up to 30 weeks.

Xiaomi’s entry into EVs comes at a time of intense competition with established players like Tesla and BYD. However, Xiaomi’s financial strength and experience in consumer electronics, especially smartphones, give it a unique advantage.

The SU7’s focus on smart features, such as advanced dashboards, aligns with Chinese consumers’ preferences, making it even more appealing. Xiaomi’s launch has also prompted other EV makers to offer competitive deals and discounts to attract buyers.

As Xiaomi disrupts the EV market with the SU7, it has the potential to challenge and shake up established players. What are your thoughts on the new Xiaomi SU7? Share in the comments below.

[embedpost slug=”xiaomi-introduces-its-first-electric-car-called-su7″]