First look: China’s Xiaomi unveils SU7 sedan, its first electric car
The SU7 sedan is a highly anticipated model and could share operating system with the company's range of popular phones. In its efforts to diversify beyond its core business to EV, Xiaomi has pledged to invest $10 billion in autos over a decade.
Chinese smartphone maker Xiaomi took the wraps off its first electric vehicle on December 28 and promptly announced it was aiming to become one of world's top five automakers.
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The sedan, dubbed the SU7, is a highly anticipated model that is expected to make the most of its shared operating system with the company's popular phones.
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Xiaomi Chief Executive Lei Jun outlined the company's big ambitions that include building "a dream car comparable to Porsche and Tesla". He said at the event, "By working hard over the next 15 to 20 years, we will become one of the world's top 5 automakers, striving to lift China's overall automobile industry."
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At the launch event in Beijing, Lei said the autonomous driving capabilities of Xiaomi cars would be at the forefront of the industry. The Xiaomi-branded cars will be produced by a unit of state-owned automaker BAIC Group (1958.HK) in a Beijing factory with an annual capacity of 200,000 vehicles.
