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Xiaomi releases electric car $4K cheaper than Tesla's Model 3 as price wars heat up [MSNBC.com]
Last tesla, inc. earnings: 4/29 04:11 pm
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Chinese consumer electronics company Xiaomi revealed Thurs., Dec. 28, 2023, its long-awaited electric car, but declined to share its price or specific release date.CNBC | Evelyn ChengBEIJING — Chinese smartphone company Xiaomi said Thursday it will sell its first car for far less than Tesla's Model 3, as price wars heat up in China's fiercely competitive electric car market.Tesla's Model 3 starts at245,900 yuan in China. He also said the SU7 had a minimum driving range of 700 kilometers (nearly 435 miles) versus the Model 3's 606 kilometers. The company received orders for more than 20,000 cars in seven minutes at itsMarch 12 pre-order launchDeries are set to start by the end of April, he said. Lei also claimed that Xiaomi's car factory, for which all "key" steps are fully automated, can produce an SU7 every 76 seconds. It was not immediately clear whether the factory was fully operational.Earlier this week, the Xiaomi CEOsaid on social mediaThe car is entering a fiercely competitive
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