Xiaomi's first electric car, the SU7, received an overwhelming response with 88,898 firm orders in the initial 24 hours after launch. The company boasts 120,000 orders in 36 hours, with some deliveries scheduled for up to six months. Analysts emphasize that the success will be determined by delivery performance. Xiaomi's switch from Apple to Tesla challenger for its EV has caused a stir in the market, prompting Chinese automakers to offer incentives to compete against Xiaomi's disruptive entry.
Chery announced on Monday that it would offer purchase tax breaks, trade-in subsidies, and auto finance discounts on some of its best-selling combustion models. *Price war in #China's automobile market again. https://t.co/sspIG6H4HK
China’s automakers are offering sweeteners such as subsidies and coupons to lure would-be car buyers. They are taking advantage of Tesla’s recent price hike and defend against Xiaomi’s disruptive market entry https://t.co/4tSh1XChub
China’s automakers are offering sweeteners such as subsidies and coupons to lure would-be car buyers. They are taking advantage of Tesla’s recent price hike and defend against Xiaomi’s disruptive market entry https://t.co/pZVXjKkydx
China's Xiaomi is advising potential buyers of its SU7 electric sedan that they could face waits of four to seven months, in a sign of strong demand for its first-ever vehicle https://t.co/O3XJp1aHNy
Where are the workers? Chinese smartphone/ consumer electronics company Xiaomi launches SU7 EV with 435+ mile range, with its body made in a fully automated hyperfactory every 76 seconds and cars starting for equivalent of £23k… https://t.co/RlmhQRPDg7
The @Xiaomi #EV app shows that the delivery time for the #XiaomiSU7 has been extended, and some orders have been scheduled for about half a year. https://t.co/Xtyo1JREbt
Xiaomi: Electric car buyers told they face up to 6-month wait https://t.co/3mwonvFcTN
Xiaomi jots down 50,000 orders in 30 minutes in maiden EV’s launch https://t.co/Z4s829zz4a
Chinese EVs man…. https://t.co/V6juErlUde
Smartphone maker Xiaomi switches from Apple to Tesla challenger as its first EV racks up 120,000 orders in 36 hours. https://t.co/EnUxdCeA5Y
Rivian advertising for Tesla https://t.co/wTvsA0y74E
Analysis: Xiaomi’s launch event for its first-ever electric car was a success, with the company boasting a flood of orders for the SU7. But analysts say what happens next with deliveries and performance will be the true test. https://t.co/BNDDJtSIzj
New Xiaomi looks like a Porsche Taycan $TSLA $LCID $RIVN $BYDFF https://t.co/POrLh9m2Lw
Xiaomi says SU7 gets 88,898 firm orders in initial 24 hours after launch https://t.co/5MqZc7jZwe $XIACY $XIACF