China's Xiaomi prices luxury electric sedan 35% lower than initially promoted
China's Xiaomi on Thursday slashed its initial sticker price for its luxury electric sedan SU7 Ultra by over a third to 529,900 yuan ($72,931.72), mounting a bigger challenge to the likes of Tesla and Porsche in the world's largest auto market.
Xiaomi enters China’s luxury-car market with US$73,000 SU7 ‘Ultra’ EV
Xiaomi, the Chinese smartphone maker that has made a successful charge into electric vehicles (EVs), entered the luxury segment of that market on Thursday with the official launch of the SU7 Ultra, its most premium model so far.
Xiaomi, China and Ultra
Mainland China and Hong Kong stocks ended a choppy week lower after a strong performance run since the start of the year.
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