25 March 2024
- Bhupinder Singh
Xiaomi is getting ready to start selling its new electric car this week.
The CEO says the car will be good-looking, easy to drive, and smart.
The CEO said the car will cost less than 500,000 yuan, which is about $70,000 (approx Rs 57 lakh).
This is the first time Xiaomi has confirmed the highest price for their car.
The official price range will be announced on Thursday, and then people can order the car.
Xiaomi showed off the car in December, saying they want to be one of the top five car makers in the world.
They say the car can go faster than Tesla and Porsche electric cars.
Xiaomi offers two versions of the car, one with a range of 668km and the other with a range of 800km.
They plan to invest $10 billion over ten years in their electric car project.
The cars are made by a company owned by BAIC Group in a factory in Beijing that can make 200,000 cars per year.