Xiaomi’s EV buyers face 6-month-long waits for deliveries
China’s Xiaomi (1810. HK), opens a new tab advising potential buyers of its SU7 electric sedan that they could face waits of four to seven months, in a sign of strong demand for its first-ever vehicle. The maker of smartphones and other consumer electronics began taking orders on Thursday and said pre-orders hit 88,898 in the first 24 hours. Deliveries for the standard SU7 model, priced at 215,900 yuan ($29,870), may take 18-21 weeks. Deliveries for the SU7 Pro model could take 18-21 weeks, while the most expensive model, priced at 299,900 yuan, could take 27-30 weeks. The SU7, whose design has drawn comparisons with Porsche’s Taycan and Panamera sports car models, has been launched amid a cut-throat price war in the world’s largest auto market where more than 40 brands vie for consumer attention. On Monday, Huawei-backed Aito offered discounts of up to 20,000 yuan on its new M7 SUVs until the end of end-April while Xpeng (9868. HK), opened a new tab also offered subsidies of up to 20,000 yuan on its flagship electric SUV G9 for a limited time.
