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Friday, April 19, 2024  
09 Shawwal 1445  

Xiaomi tells electric car buyers wait for six months

Chinese company says will invest $10b in its vehicles business over next 10 years
Reuters/File
Reuters/File

Chinese smartphone maker Xiaomi has told its electric car buyers to wait up to six months for their car to be delivered, BBC News reported.

Screenshots on Chinese social media show the firm advising buyers it could take 27 weeks to deliver the SU7 Max—the company’s first electric car vehicle.

The standard SU7 model is priced at 215,900 yuan ($29,872, PKR8,295,906) and the Max version costs 299,900 yuan.

Earlier, the third largest smartphone seller company in the world said pre-orders had hit 88,898 within 24 hours of it starting to take orders on Thursday.

Many see Xiaomi venturing into the EV vehicles market as taking on rivals including Tesla and BYD in the world’s biggest market for cars.

The SU7 has a minimum range of 700km (435 miles), beating the Tesla Model 3’s 567km. Special versions of the car called the Founder’s Edition comes with free gifts, such as fridges.

Xiaomi’s EVs are made by a unit of state-owned car manufacturer BAIC Group at a plant in Beijing that can produce as many as 200,000 vehicles a year.

The company has said it will invest $10 billion in its vehicles business over the next 10 years.

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