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Investing.com -- Xiaomi (OTC:XIACF), a renowned Chinese electric vehicle manufacturer, has set the final price for its luxury electric sedan, the SU7 Ultra, at 529,900 yuan, equivalent to $72,931.72. This pricing update was announced by the company’s founder, Lei Jun, on Thursday.
Interestingly, the final price tag is considerably lower than the initial pre-order price of 814,900 yuan, which was announced when the vehicle was first introduced at the end of October. This substantial reduction in price represents a significant deviation from the initial cost expectation for prospective buyers.
The SU7 Ultra is part of Xiaomi’s expansion into the electric vehicle sector, showcasing the company’s commitment to providing high-end, electric-powered transportation solutions. The pricing details of the SU7 Ultra reflect the company’s strategy to make their luxury electric vehicles more accessible to a broader consumer base.
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