Xiaomi EV is expected to officially launch its first EV model, the SU7, at the end of this month, with deliveries set to begin soon after that, according to local media.
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Xiaomi's first EV model is expected to hit the market in March and deliveries will start in April, with production set to be around 2,000 units in the first quarter, according to local media.
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Xiaomi Group president said the formal release of the SU7 will come "very soon," and indicated that domestic deliveries will begin as soon as the second quarter, according to CNBC.
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Xiaomi targets 20 million users for its new electric vehicle, president says.
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Earlier today a report claimed that Xiaomi may offer 2,000-3,000 free Beijing license plates as a promotional effort.
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More details about the Xiaomi SU7 interior plus winter testing video.
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Xiaomi SU7 is one step closer to deliveries.
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Xiaomi EV plans to see production of the SU7 reach around 2,000 units in March and complete capacity ramp-up by mid-2024, according to local media.
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The top-trim version of the Xiaomi SU7 has a vehicle price of RMB 361,400 at the time of insurance purchase, and the starting prices for the full lineup will likely be in the range of RMB 250,000 to RMB 370,000, according to local media.
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Xiaomi's EV business could have an intrinsic value of RMB 90 billion yuan if it scales up rapidly, Morgan Stanley said.
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