Xiaomi founder Lei Jun says his company’s first electric car will be an SUV or a sedan, priced between US$15,000 to US$45,000

Apr 07, 2021 8:56 am

Xiaomi’s first vehicle will be either a sedan or an SUV costing between 100,000 yuan and 300,000 yuan (US$15,300 to US$45,900), said the Chinese smartphone giant’s co-founder and CEO Lei Jun on Tuesday, shedding light on the new Tesla challenger’s multibillion-dollar venture into electric vehicles (EV). 


Lei revealed the details during a live-streamed video session on Douyin, the Chinese sibling app of TikTok, to promote Xiaomi products, which came a week after he announced the company’s foray into smart cars.


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