Xiaomi has finally entered the electric vehicle market. The company’s first EV, the Xiaomi SU7 EV, was unveiled last week in China and has already started appearing in stores. Although it’s the company’s first car, it has managed to impress everyone with smart features like self-parking. However, when it comes to Xiaomi, people want both top quality and low prices. That’s why there have been ongoing speculations about a budget-friendly Redmi car. Now, Xiaomi has addressed these rumors officially through their Weibo account.
No Affordable Redmi Car, Prioritizes SU7 EV Introduction
Xiaomi Auto recently posted an article called “Xiaomi Auto Answers 100 Questions from Users (Part 1)” on their official Weibo account. One of the highly anticipated questions was whether Xiaomi plans to make an affordable Redmi car. Similar to their smartphones and other devices, Xiaomi offers premium products while its subsidiary brands like Redmi and Poco provide more affordable options with comparable features. However, in the electric vehicle realm, this setup doesn’t currently exist, at least for the time being. However, for electric vehicles, a similar situation does not exist, at least for now.
Xiaomi Auto also stated: “We have no plans to launch a Redmi car. We are currently focused on the manufacturing and sales of our first car, the Mi SU7.” Additionally, Xiaomi CEO Lei Jun responded to some questions in the comments section. One of them was related to the price of the car. Jun stated, ‘I firmly believe that the Mi SU7 has no current rivals in its price range and prefers to stay realistic rather than set unrealistic goals.’
However, he denied the rumors by saying, ‘The rumored prices of the Mi SU7 are all false. We have not yet determined the final price. The final price will be announced to the public when the Mi SU7 is officially released.’ At the Mi Auto technology launch conference, Lei Jun also mentioned that the car is ‘a bit expensive, but it will be expensive for a reason.’ He clarified that the price won’t be 99,900 yuan, 149,900 yuan, or 199,900 yuan.
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