Xiaomi introduced its highly anticipated electric car at the event held on December 28.
The coupe electric car will be available under the name of the company's well-known smartphone brand Mi and will be available in three different versions: SU7, SU7 Pro and SU7 Max.
SU7 was offered for sale for 29 thousand 900 dollars, SU7 Pro for 34 thousand dollars and SU7 Max for 41 thousand 500 dollars.
According to the statement, orders for Xiaomi SU27, which managed to sell 50 thousand units in just 7 minutes, exceeded 100 thousand.
Company shares are rising
Xiaomi, whose market value increased by 4 billion dollars thanks to its electric car, managed to come close to the market expense of GM and Ford.
During the day, the company's market value reached 55 billion dollars. Xiaomi's shares rose to their highest level since January 2022.
Xiaomi is wasting money
It is stated that Xiaomi will have financial difficulties in the first stage with SU7. Analysts estimate that Xiaomi wastes $10 per vehicle.
However, it is stated that Xiaomi can be successful thanks to its financial strength and smartphone expertise.
Xiaomi said it will invest $10 billion in its vehicle business over the next 10 years. The car will be produced by Beijing Automotive Industry Holding (BAIC) on behalf of Xiaomi in China.
Its batteries, which have a driving range of up to 800 kilometers, are supplied by BYD, China's largest electric manufacturer, as well as domestic battery giant CATL.
