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Xiaomi Corporation (1810.HK)
- Reuters
Xiaomi's SU7 orders reach 70,000, EV business to stay focused on China
BEIJING (Reuters) -China's Xiaomi has secured locked-in orders for more than 70,000 of its SU7 electric cars as of Saturday and the company intends to keep its automotive business "100% focused" on the Chinese market for the next three years, founder Lei Jun said on Tuesday. Xiaomi launched its car, which draws styling cues from Porsche, late last month. It enters a crowded China EV market with an attention-grabbing price tag - under $30,000 for the base model, which is $4,000 cheaper than the base model of Tesla's Model 3 in China.
- Insider Monkey
20 Best Cheap Phones for 2024
In this article, we will look at the 20 best cheap phones for 2024. If you want to skip our detailed analysis, you can go directly to the 5 Best Cheap Phones for 2024. Overview of the Global Smartphone Industry The global smartphone industry is one of the fastest evolving industries and experiences regular updates […]
- Reuters
Xiaomi says sales of its electric car 3-5 times higher than expected
Sales of Chinese smartphone maker Xiaomi's first electric car have been 3-5 times higher than expected, CEO Lei Jun said on Thursday, as the company began delivering standard versions of the so-called SU7 to buyers ahead of schedule. Lei, Xiaomi's founder, made the comments during a two-hour livestream on Douyin, the Chinese equivalent of TikTok, that garnered over 34 million viewers. Xiaomi launched its car, which draws styling cues from Porsche, late last month, entering a crowded China EV market with an attention-grabbing price tag - under $30,000 for the base model, which is $4,000 cheaper than the base model of Tesla's Model 3 in China.
