Xiaomi SU7 Starts At $29,900 Undercutting Tesla Model 3 By $4,000

Chinese smartphone manufacturer Xiaomi has come out swinging with its first-ever electric vehicle. Featuring Chris Bangle-approved design, Porsche-like performance, and impressive range, the mid-size sedan will hit the market with an impressively low starting price of just 215,900 yuan (approximately US$29,900 at current exchange rates).It it presents a compelling option for consumers, coming in at more than 30,000 yuan (around US$4,000) less than the Tesla Model 3. What’s more impressive is that despite this lower price tag, the SU7 boasts a minimum driving range of 435 miles (700 km), surpassing the Tesla’s 377 miles (606 km) in China.

Xiaomi CEO Lei Jun proudly announced that their sedan outperformed the Model 3 in 90 percent of benchmark tests.3 Different VersionsMeasuring 4997mm (196.7 inches) long, 1963mm (77.3 inches) wide, and 1455mm (57.3 inches) tall with a 3,000mm (118.1 inches) wheelbase, the SU7 will launch in three variants. The entry-level model, priced at $29,900, is the Standard RWD version. It features a 400V architecture, a 73.6 kWh battery, and is driven by a 295 hp (220 kW) and 400 Nm (295 lb-ft) electric motor.

Itl offers a CLTC driving range of 700 km (435 miles) and can charge up to 350 km (218 miles) in just 15 minutes.Next in line is the SU7 Pro, similarly outfitted with a 400V architecture but boasting a larger 94.3 kWh battery. It maintains the same 295 hp RWD motor found in the Standard model. With an driving range of 830 km (516 miles) on the CLTC cycle, it begins at 245,900 yuan ($34,000).Read: Xiaomi SU7 Will Outrun A Porsche Taycan And Outlast A Tesla Model SFinally, topping the range is the SU7 Max, featuring an 800V architecture and a 101 kWh battery paired with dual electric motors generating 663 hp (495 kW) and 838 Nm (618 lb-ft) of torque.