They have disclosed the prices and it isn’t cheap.
https://carspiritpk.com/xiaomi-su7-launched-priced-from-29900/

In fact the prices for battery metals have been crashing since 2022 and expected to continue till 2025. So you’ll see more and more discounts on BEVs since raw materials become cheaper and competition increases.

But but but the anticipation buildup for Xiaomi SU7 in the Chinese social media is truly of the hyper level. The whole 1bn+ nation seems to have forgotten everything else except of sharing SU7 on their social media. Xiaomi has a history of democratizing robust durable fast innovative feature-rich appealing and cool new products whether it be their smartphones or home automation IoT products. It seems like the Xiaomi car is going to be a game changer for EV adoption and commoditization by helping push the prices down, then even those who won’t buy a Xiaomi EV will still have access to other EVs because the overall reduction in price across the board will exponentially increase the affordability for all.

It is even being termed as “the middle-class man’s first Porsche” or the “young professional’s/young executive’s first Porsche”. To add perspective https://carspiritpk.com/xiaomi-su7-sedan-debuts-in-china/#comment-15550

Although the 100% contribution in this phenomenon is not of Xiaomi, and the other things the analysts said in the article still hold true, competition was increasing and the profit margins of EV makers were too high and soon had to come down due to the natural lifecycle of market forces, but the Xiaomi effect has definitely accelerated the phenomenon.

BYD published a video in the last quarterly “Demolish the Old legends” https://carspiritpk.com/byd-says-demolish-the-old-legends/. From their actions can we concur that BYD itself is feeling an old legend now?