CEO Morning Brief

Xiaomi's EV Buyers Face Up to Seven-month Wait for Car, App Shows

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Publish date: Tue, 02 Apr 2024, 09:47 AM
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TheEdge CEO Morning Brief
Last Friday night, Xiaomi said pre-orders hit 88,898 in the first 24 hours.

BEIJING (April 1): Xiaomi is advising would-be buyers of its new SU7 electric sedan that they could face an up to seven-month wait, its app showed on Monday, in a sign that the Chinese electronics maker is enjoying strong demand for its vehicle.

Xiaomi began allowing consumers to place orders for its SU7 electric vehicle sedan last Thursday, after it announced the prices of the car which started at US$29,870 (RM141,091). Last Friday night, it said pre-orders hit 88,898 in the first 24 hours.

Checks by Reuters on Xiaomi's car app on Monday found that the firm is advising that delivery time for the company's standard SU7 model could take 18 to 21 weeks, the SU7 Pro model 18 to 21 weeks, while the most expensive model, priced at 299,900 yuan (RM195,985), will take 27 to 30 weeks.

Source: TheEdge - 2 Apr 2024

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