Xiaomi announces the delivery of the Xiaomi SU7 electric car within this month, following its launch at the end of 2023, with a goal of becoming one of the top 5 car manufacturers in the world.
The automotive market in China is fiercely competitive, with many automakers aggressively lowering prices. For example, the BYD Seagull has been slashed in China to just $9,700 or 350,000 baht.
The SU7 car will be produced by BAIC Group, a Chinese state-owned automotive manufacturer with a production capacity of up to 200,000 units per year.
Source: CNA
TLDR: Xiaomi to start delivering the SU7 electric car this month, aiming to be a top car manufacturer globally. Competitive market in China sees significant price reductions by various automakers, with the SU7 produced by BAIC Group.
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