Xiaomi to showcase SU7 EV in India on July 9, signaling ambitious market entry

  • Xiaomi is entering the Indian automotive market with its first electric vehicle, the SU7, to be showcased on July 9. The luxury sedan offers impressive performance and range, positioning Xiaomi to compete in the burgeoning Indian EV market and marking a new chapter in its expansion.

Livemint
Updated8 Jul 2024, 05:12 PM IST
Xiaomi to showcase SU7 EV in India on July 9, signaling ambitious market entry
Xiaomi to showcase SU7 EV in India on July 9, signaling ambitious market entry(Reuters)

Xiaomi, the renowned Chinese electronics manufacturer, is set to make a significant entry into the Indian automotive market with its highly anticipated electric vehicle, the SU7.

As per HT Auto, this move comes as the company prepares to showcase the vehicle at a major event in India on July 9. The unveiling signals Xiaomi's interest in exploring the burgeoning Indian EV market, potentially laying the groundwork for a future launch.

Although Xiaomi has not yet disclosed specific plans for the SU7's release in India, the decision to present the car at this event suggests a strategic effort to gauge consumer interest and market dynamics. Celebrating a decade of operations in India, Xiaomi's venture into the EV sector could mark a new chapter in its expansion strategy.

The SU7, also known as the Speed Ultra, represents Xiaomi's inaugural foray into the automotive industry, backed by a substantial $10 billion investment. Since its debut in China earlier this year, the luxury electric sedan has garnered significant attention, with over 70,000 bookings already recorded. Xiaomi aims to reach 100,000 deliveries by the end of the year, reflecting strong demand for the vehicle.

In terms of dimensions, the SU7 stands out with a length of 4,997 mm, a width of 1,963 mm, and a height of 1,455 mm, complemented by a 3,000 mm wheelbase. The EV offers a 105-litre front trunk (frunk) and a 517-litre rear boot, providing ample storage space.

The SU7 is available in two variants in the Chinese market, offering impressive driving ranges of up to 668 kilometers and 800 kilometers on a single charge, respectively. Performance-wise, the sedan boasts a top speed of 265 km/h and can accelerate from 0 to 100 km/h in under three seconds, showcasing its sports car capabilities.

As Xiaomi enters the Indian EV space, the SU7 is poised to compete with established models like the BYD Seal EV. With its advanced features and strong performance metrics, the SU7 could potentially reshape the electric vehicle landscape in India.

This move by Xiaomi aligns with the company's broader vision of innovation and expansion, marking an exciting development in both the Indian and global EV markets.

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First Published:8 Jul 2024, 05:12 PM IST
Business NewsAuto NewsXiaomi to showcase SU7 EV in India on July 9, signaling ambitious market entry

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