Over the past five years, China's EVs have perhaps been the most surprising development in the world, Huang said.
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Category: Xiaomi EV
Xiaomi president showcased an SU7 Ultra with a German license plate, saying it was the company's first experimental vehicle registered in Europe.
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Xiaomi has begun its first deliveries of the YU7 in 58 cities across China, with its founder personally handing over vehicles to some owners.
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Xiaomi EV's phase 2 plant is hiring massively to prepare for mass production.
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This marks the ninth consecutive month that Xiaomi EV has seen monthly deliveries exceed 20,000 units, although that's lower than May's "over 28,000 units."
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The Xiaomi YU7 secured over 200,000 firm orders in the first 3 minutes, marking another rare case in China's EV market.
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Xiaomi will officially launch the YU7 on Thursday, June 26, with a launch event scheduled to begin at 7:00 pm on the same day.
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The YU7 will be launched at the end of June, along with a second tablet featuring Xiaomi's in-house developed Xring O1 chip.
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The starting price of the YU7 will not be just RMB 20,000 higher than the SU7 electric sedan, Lei Jun said.
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Xiaomi EV is poised to become the fastest to achieve profitability among China's new automotive brands.
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