They will literally sell it at a loss! The price of Xiaomi’s first car has been announced

Emir Bolat

March 28, 2024

Nowadays, we can see that the world’s largest companies are entering other sectors to earn more money, and we are no longer surprised. Xiaomi, one of the leading names in the smartphone market, introduced its first electric car SU7 in December 2023.

Although the features of Xiaomi SU7, which is much talked about in the technology world, were announced, its price was not clear. Although everyone had different opinions at this point, it was certain that it would compete with Tesla Model Y. Today, the expected announcement came. Thus, the price of Xiaomi SU7 has been determined.

What is the price of Xiaomi SU7?

In the claims made so far about Xiaomi SU7, it was claimed that the vehicle would be sold for a maximum of 500 thousand yuan, or 69 thousand dollars, with additional features. However, the announcement made today revealed that it will come at a much lower price.

According to the statement made by Xiaomi CEO Lei Jun, the price of the SU7 Standard model, which has the lowest features of the vehicle, was determined as 215 thousand 900 yuan . This corresponds to 29 thousand 870 dollars . While SU7 Pro is 245 thousand 900 yuan ( 34 thousand dollars ), the price of the top version SU7 Max Performance model is 299 thousand 900 yuan ( 41 thousand 500 dollars ).

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• Xiaomi SU7 Standard price: 215 thousand 900 yuan (29 thousand 870 dollars)
• Xiaomi SU7 Pro price: 245 thousand 900 yuan (34 thousand dollars)
• Xiaomi SU Max Performance price: 299 thousand 900 yuan (41 thousand 500 dollars)

Xiaomi SU7 Standard, SU7 Pro and SU7 Max Performance feature comparison;

There is an important point here. According to the information shared by the CEO , Xiaomi will officially sell the standard version of the vehicle at a loss. Although Xiaomi SU7 comes with a low price to stand out in the market, it is said that it may be increased in the coming months.

Orders started

Xiaomi recently started SU7 shipments to 59 stores in 28 cities in China, and the vehicles have taken their place in the stores. Today, orders started to be taken after the price was determined. Deliveries will begin in April.

Is it cheaper than the Tesla Model 3?

Model 3 , one of Tesla ‘s best-selling electric cars , has a starting price of 245 thousand 900 yuan in China. Since the price of Xiaomi SU7 is 215 thousand 900 yuan, we can say that there is a difference that will intensify the competition. The fact that Xiaomi SU7 is cheaper will play an important role in consumers’ choice.