Xiaomi will deliver electric car SU7, this car will compete with Tesla, know the features

Delivery of the first electric vehicle of Chinese company Xiaomi will start at the end of this month. The company said that it has opened 59 stores in 29 cities of China. The launch event for this will be organized on March 28. The price of SU7 can also be announced in this.

After this, Xiaomi’s shares were up by about seven percent during early trading. EV sales in China have increased by 18 percent in the first two months of this year. This growth in the entire last year was about 21 percent. BYD, one of China’s big EV companies, has drastically cut prices to attract customers amid weak demand. The company’s operating system will be provided in SU7. It was introduced in China. Challenges like excess capacity and weak demand are increasing in this world’s largest automobile market. For this reason, there is competition among automobile companies to reduce prices. Last year, Tesla had given huge discounts on the prices of its EV in China. It is facing tough competition from China’s big EV maker BYD.

Xiaomi’s chief executive, Lei Jun, had said that the company’s ambition is to make a car comparable to Porsche and Tesla. He had told that, by working hard in the next 15 to 20 years, we will be among the top five automobile companies in the global market. This will strengthen China’s automobile industry. Three variants of this electric car Xiaomi SU7, SU7 Pro and SU7 Ultra can be present with many ranges and features.