Xiaomi EV marked a major milestone as the 100,000th unit of its first production model, the SU7, rolled off the assembly line.
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Xiaomi founder, chairman, and CEO Lei Jun announced the achievement on Weibo, noting that it was reached just 230 days after the SU7’s launch. Lei remarked:
“As a newcomer to the auto industry, this speed is already remarkable,”
Xiaomi introduced the SU7, a rival to Tesla’s Model 3, on March 28 this year. Available in three versions—Standard, Pro, and Max—the SU7 starts at RMB 215,900 ($29,850), with prices for the Pro and Max set at RMB 245,900 and RMB 299,900, respectively.
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On October 29, Xiaomi announced pre-sales in China for the more powerful SU7 Ultra, priced at RMB 814,900, nearly four times the base SU7 model. The SU7 Ultra will debut at the Guangzhou Auto Show starting November 15, ahead of its official launch in March 2025.
The company initially produced around 10,000 units per month but steadily ramped up production, reaching over 20,000 units in October. The SU7 is produced at a plant in Beijing, which has an annual capacity of 150,000 units in the first phase. The second phase of the plant is under construction.
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Xiaomi EV’s phase 1 facility, designed for 12,500 units per month, reportedly operated at 160% capacity in October, producing over 20,000 SU7 units. To alleviate delivery pressure, the company is targeting a monthly output of 24,000 units, nearing a 200% capacity utilization, according to reports.
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