Xiaomi's electric car launch is scheduled for March 28.
- Xiaomi announced the launch date of its electric car, which has been eagerly anticipated, as March 28.
- According to CNBC's translation of a Chinese social media post, the company stated that the product would be delivered immediately upon launch.
- Xiaomi President Weibing Lu revealed to CNBC that the company aimed to target the premium segment with the car and suggested deliveries might commence in the second quarter.
On March 28, the Chinese smartphone company will officially unveil its long-awaited electric car.
The company announced on social media that its SU7 electric car would be delivered immediately upon launch, as stated in a post written in Chinese and translated by CNBC.
The company announced that it was launching a waitlist for 59 stores across 29 cities in China.
In late December, Xiaomi unveiled the exterior and technology specifications of the vehicle, yet did not disclose the cost or a precise delivery date.
Xiaomi President Weibing Lu revealed to CNBC that the company aimed to target the premium segment with the car and suggested deliveries might commence in the second quarter.
Xiaomi's CEO, Lu, stated that the company would likely wait at least two to three years before selling the car internationally, despite revealing it to an international audience at Mobile World Congress Barcelona.
China Economy
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