China's Xiaomi will price its Tesla EV rival under $69,400, CEO says ahead of Thursday launch
Publishing timestamp: 2024-03-25 08:19:31
Summary
Xiaomi CEO Lei Jun teased the price of the company's first electric vehicle, the SU7, ahead of its official launch. The goal is to be the best sedan under 500,000 yuan. Xiaomi will be entering a competitive EV market in China, facing competition from companies like Tesla, BYD, Nio, Xpeng, and Li Auto. Pricing will be key for Xiaomi in this cut-throat market.
Sentiment: NEUTRAL
Keywords: business news, xiaomi corp, electric vehicles, computer hardware, technology, autos, tesla inc,
Source: https://www.cnbc.com/2024/03/25/chinas-xiaomi-will-price-su7-its-tesla-ev-rival-under-69400-ceo.html