Xiaomi SU7 Sold Out For 2024 In 24 Hours
Customers in China are facing wait times as long as seven months to get their cars delivered.
The Xiaomi SU7 made a big splash in China late last week. It’s the first-ever car made by a company known worldwide for its consumer electronics. Still, people flocked to the firm’s website to place orders for the battery-powered sedan that competes directly with the Tesla Model 3, although the Chinese EV is slightly larger and also cheaper.
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Ten thousand people in China preordered the SU7 within the first four minutes of the order form opening last Thursday. After just 27 minutes, 50,000 orders piled up, and by the end of the day, Xiaomi had received nearly 90,000 preorders for its inaugural car.