There are huge crowds at stores across China

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The SU7 all-electric sedan from Xiaomi appears to be a huge hit in China, competing with the Tesla Model 3.
It seems that Xiaomi’s stores were crowded with customers eager to see the recently introduced all-electric vehicle, based on images shared on social media by local EV enthusiasts.
Additionally, there have been rumors circulating that Xiaomi has sold out of its 2024 production capacity for the SU7.
The SU7 is intended for drivers who are looking for an upgrade to their current Tesla Model 3, according to Lei Jun, founder, chairman, and CEO of Xiaomi.
Therefore, it should come as no surprise that the SU7 has an extremely aggressive pricing strategy, undercutting the Tesla Model 3 by roughly $4,000.
The SU7 is so cheap that the entry-level Model 3 produced in Shanghai by Giga costs the same as its midrange variant.
Images posted on social media sites like X demonstrate how popular the SU7 launch was, drawing large crowds to Xiaomi stores throughout China.
People are even in line to see the all-electric sedan at some stores that have it on display.
This weekend’s lineups at Xiaomi’s stores were a lot like those at Tesla China’s stores at the beginning of 2019, when the Model 3 was introduced to the nation.
Due to the overwhelming volume of Model 3 orders they were receiving at the time, some Tesla stores claimed that their systems were down.
Remarkably, Xiaomi is also said to have declared that the SU7 is sold out for 2024.
Watcher of the EV industry @jas0nyu shared a poster purportedly from the smartphone giant, which has an announcement saying that 120,000 orders have sold out of the production capacity for 2024.
This is encouraging for the SU7 and Xiaomi’s electric car business in general.
One of China’s top all-electric sedans, the Tesla Model 3, served as the benchmark for the Xiaomi SU7.
According to Lei, the SU7 already outperforms the Model 3 in more than 90% of its specifications.
The SU7 has a slightly longer starting range than the base Model 3, at 700 kilometers, or nearly 435 miles.
The executive did acknowledge that Xiaomi would likely need another three to five years to match Tesla’s powertrain efficiency.
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In stores all over China, the Xiaomi SU7 draws enormous crowds.
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The Xiaomi SU7 all-electric sedan appears to be a popular choice in China, competing with the Tesla Model 3. It seems that Xiaomi’s stores were crowded with customers eager to see the recently introduced all-electric vehicle, based on images posted on social media by local EV enthusiasts. Additionally, there have been rumors circulating that Xiaomi has sold out of its 2024 production capacity for the SU7.

The SU7 is intended for drivers looking to upgrade from their current Tesla Model 3, according to Lei Jun, founder, chairman, and CEO of Xiaomi. It was therefore not shocking that the SU7 has a very aggressive pricing strategy, with a roughly $4,000 price reduction over the Tesla Model 3. The SU7 is so inexpensive that its midrange model costs the same as the entry-level Model 3 produced by Giga Shanghai.

Pics posted on social media sites like X demonstrate how popular Xiaomi stores were in China after the SU7’s release. In certain stores, there are even queues of customers waiting to see the all-electric sedan. The lineups at Xiaomi’s stores this past weekend were strikingly similar to those at Tesla China’s stores at the beginning of 2019, when the Model 3 was introduced to the nation. Due to the enormous volume of Model 3 orders they were receiving at the time, some Tesla stores claimed that their systems were down.

It’s interesting to note that Xiaomi allegedly declared the SU7 to be sold out for 2024. EV industry watcher @jas0nyu shared a poster purportedly from the smartphone giant, which has an announcement saying that the production capacity for 2024 has been sold out with 120,000 orders. For the SU7 and Xiaomi’s electric car business overall, this is encouraging.

Benchmarking the Xiaomi SU7 against one of China’s best all-electric sedans, the Tesla Model 3, was mandatory. On more than 90% of its specifications, Lei has observed that the SU7 already outperforms the Model 3. The starting range of the SU7 is 700 kilometers, or nearly 435 miles, longer than that of the base Model 3, and it is also slightly larger. The executive did concede that Xiaomi would likely need another three to five years to match Tesla’s powertrain efficiency.

Please get in touch with us with any news tips at any time. To alert us, simply send an email to simon@teslarati . com.

Stores all over China see long lines for the Xiaomi SU7.

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