Xiaomi has been known for building some surprisingly cheap gadgets that still feel a little more premium than they should. But that philosophy apparently does not extend to electric cars.
According to ITHome, Xiaomi CEO Lei Jun said during a livestream for the company’s SU7 endurance challenge on April 17 that Xiaomi will not make vehicles priced below 100,000 Yuan. That works out to be just under $15,000. Lei explained that if consumers expect an electric car to deliver strong intelligent features, software, and overall capability, the cost is harder to squeeze down that far.
Nirave Gondhia / Digital TrendsWhy Xiaomi is ruling out ultra-budget EVs
The comment came in response to a viewer’s question about whether Xiaomi plans to release a plan under 100,000 Yuan. He claims that making intelligent EVs work pushes the cost higher. This is quite the stand
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