Chinese mobile phone maker Xiaomi has diversified its portfolio by venturing into the electric vehicle (EV) market, a move that has boosted its share price on the Hong Kong stock exchange. After capturing a large share of the mobile phone market, Xiaomi has now launched an affordable EV with great features at a low price.
This SU7 of Xiaomi is equipped with many special features. The biggest feature among these is that this car can run up to 800 kilometers on a single charge. Not only this, it takes only 2.78 seconds to accelerate from 0-100 km/h.
Within 24 hours of the launch of the EV, Xiaomi received orders of around 90,000 units for this electric car. Lei Jun, founder and CEO of the famous Chinese smartphone brand, announced that their debut electric vehicle will be priced between 215,900 Yuan (Rs 24.8 lakh) and 299,900 Yuan (Rs 34.5 lakh) in China. The starting price is much lower than Tesla’s Model 3 sedan, which starts at 245,900 yuan in China.
According to Lei, the standard version of the SU7 could be better than Tesla’s Model 3 in 90 percent of the specifications. Xiaomi SU7 lags behind Tesla in only two aspects and it may take three to five years for Xiaomi to overtake Tesla in those aspects. Lei assured that deliveries on the order will begin from the end of April.
Features of SU7 include
Once recharged, this EV runs up to 800 kilometers. At the same time, the top speed of the car is 265 kilometers per hour.
The power of the car is 673 PS, while its torque is 838 Nm.
Xiaomi SUV 7 is a four-door EV sedan car. Its length is 4997 mm, width is 1963 mm and height is 1455 mm.
The entry level variant of this car has a 73.6 kWh battery, while the top variant has a 101kWh battery.
The unveiling of the car has also led to a rise in Xiaomi’s share price. Last month the company’s shares have given returns of more than 25 percent.