Xiaomi Unveils Electric Vehicle to Compete with Porsche and Tesla

Chinese electronics brand Xiaomi has unveiled its first electric vehicle, the Speed Ultra 7 (SU7), aiming to compete with top EV makers like Porsche and Tesla. The SU7 boasts impressive acceleration and range, with the top model capable of 503 miles on a single charge and 664 bhp output. Xiaomi plans to release multiple versions of the SU7, with prices starting at £24,000 in China.

Xiaomi's Entry into Electric Car Market

Xiaomi, a well-known tech company in China, is entering the electric car market with the launch of the SU7 sedan. The company aims to become one of the top automakers globally in the next 15 to 20 years, leveraging its existing technology ecosystem. Analysts predict challenges due to fierce competition and potential political headwinds in foreign markets.