Xiaomi CEO Predicts Tesla-Like Success As Chinese EV Debutant's 1st Electric Offering Zooms Off The Lot With Over 100K Orders
Portfolio Pulse from Anan Ashraf
Xiaomi (OTC:XIACF) has started delivering its first electric vehicle, the SU7 sedan, with over 100,000 orders received. The vehicle, priced lower than Tesla's Model 3 in China, marks Xiaomi's entry into the electric vehicle market. CEO Lei Jun predicts a Tesla-like success for Xiaomi in the EV sector, emphasizing the shift towards intelligent vehicles as the next battleground.
April 03, 2024 | 10:21 am
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Xiaomi has successfully entered the electric vehicle market with its SU7 sedan, receiving over 100,000 orders. The vehicle's competitive pricing and high demand could signal strong future revenue streams for Xiaomi.
The successful launch and high demand for Xiaomi's first electric vehicle, the SU7 sedan, indicate a positive market reception. With over 100,000 orders and competitive pricing against major players like Tesla, Xiaomi's entry into the EV market could significantly impact its revenue and position in the industry. The CEO's vision of focusing on intelligent vehicles aligns with industry trends, potentially setting Xiaomi up for long-term success in the EV sector.
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