China's Xiaomi on Thursday slashed its initial sticker price for its luxury electric sedan SU7 Ultra by over a third to 529,900 yuan ($72,931.72), mounting a bigger challenge to the likes of Tesla and Porsche in the world's largest auto market.
ByBrendan Ahern, Senior Contributor. I am the CIO of KraneShares, a China-focused ETF provider.
Xiaomi, the Chinese smartphone maker that has made a successful charge into electric vehicles (EVs), entered the luxury segment of that market on Thursday with the official launch of the SU7 Ultra, its most premium model so far.
Xiaomi looks to “redefine premium cars for this generation” with a combination of performance features that compete with Porsche, technological functions similar to Tesla, and luxury comparable to German carmakers.
China's new regulations for autonomous driving software require regulatory approval for over-the-air upgrades. Automakers like Tesla and Xiaomi are affected, as such upgrades are considered product recalls.
The company’s new flagship just launched in China with a 200-megapixel periscope camera.
Xiaomi has launched its flagship SU7 Ultra in China. Xiaomi has massively reduced the price compared to the pre-sale launch in November: the base price of the
Electric vehicle makers including Tesla and Xiaomi have used OTA upgrades to fix software bugs. Such upgrades are called product recalls under China's regulation, but it's often unclear if drivers might need, or would be eligible, to return vehicles to the automakers for refunds.
Xiaomi has launched the Buds 5 Pro in China alongside the Xiaomi 15 Ultra. The true wireless stereo (TWS) earphones come in Bluetooth and Wi-Fi variants, with features such as active noise cancellation (ANC) up to 55dB, call noise reduction, and spatial audio with dynamic head tracking.