The SU7, which stands for Speed Ultra, will be powered by batteries from Chinese market leaders Contemporary Amperex Technology and BYD, depending on whether it has a single or dual motor configuration.
Xiaomi's EV foray is a US$10 billion (S$13.2 billion) wager by CEO and co-founder Lei Jun that his company can shake up the transport sector much as it did smartphones a decade ago. Mr Lei, also a prolific venture investor, has called it his final entrepreneurial bet.
But in the time since first announcing his EV plans in 2021, the regulatory landscape and competition in China - the world's biggest car market - have changed significantly.
Beijing has been limiting manufacturing permits to new market entrants, which means Xiaomi has to partner state-owned Beijing Automotive Group to produce its EVS.
State subsidies that reimbursed consumers with as much as 60,000 yuan (S$11,100) for an EV purchase ended in 2022. The SU7 is also vying for attention in a market that has hundreds of models from dozens of brands.
"Xiaomi's goal is to make a dream car that is as good as Porsche and Tesla," Mr Lei said on Dec 28 at the launch event, attended by thousands of people at the China National Convention Centre.
Denne historien er fra December 30, 2023-utgaven av The Straits Times.
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Denne historien er fra December 30, 2023-utgaven av The Straits Times.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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VERDY'S APPROACH AN EYE-OPENER
Former Lions turned coaches Alam Shah and Isa inspired by stint with Japanese club
Lions' morale-boosting win comes at a price
The Lions got a much-needed morale booster ahead of the Asean Football Federation (AFF) Championship as they beat Tokyo Verdy 2-1 on Oct 11 in the second of three friendlies against J1 League opponents in their Japan training tour.
Conditions to blame for 'ugly' draw, says Messi
Argentina were held to a 1-1 draw by Venezuela on Lionel Messi's return, as Brazil got their 2026 World Cup qualifying campaign back on track with a last-gasp 2-1 victory over Chile on Oct 10.
Belgium punish Italy at set pieces in 2-2 draw
Italy coach Luciano Spalletti blamed bad luck, as Belgium bounced back from two goals down to draw 2-2 with his 10-man side in Rome on Oct 10 to boost their hopes of reaching the Nations League quarter-finals.
CARSLEY'S MIDFIELD OVERLOAD BACKFIRES
England temp boss dismayed by mistakes as Three Lions lose to Greece for first time
Player strike in England unlikely: Sports law expert
The chorus of frustrated players and managers speaking out against football's gruelling fixture schedule continues to grow, with Liverpool defender Ibrahima Konate the latest to say he would support players' right to strike.
SOCCEROOS HAVE NO FEAR
They head to Japan with confidence despite never having beaten the Samurai Blue there
Toyota back in F1 with Haas tie-up
The United States-owned Haas Formula One team and Toyota announced a multi-year technical partnership on Oct 11, in a move bringing Japan's biggest carmaker back to grand prix racing for the first time since 2009.
SABALENKA TO STICK TO HER BRAVE PLAN
World No. 2 will be aggressive in Wuhan semi against Gauff; Fritz takes on Djokovic
Nadal's beauty lay in his purity as a competitor
To appreciate the retiring Rafael Nadal we can flip through record books, hunt down Uncle Toni, sift the clay for archaeological clues, speak to Roger Federer's therapist, delve into the physics of spin, but really it's best if we start with a dictionary.
