Etiqueta: SU7

One of China's largest auto shows kicked off in Beijing on Thursday, with electric vehicle makers keen to show off their latest designs and high-tech accessories to consumers in the fiercely competitive market.

STORY: China's largest auto show opened in Beijing on Thursday (April 25).And the biggest names showed off their latest electric vehicles...Underlining that in the world’s largest auto market, all-electric cars are the future and there's no looking back.Automakers are set to unveil 117 new models, up from 93 at last year's show in Shanghai.And overall 278 new energy vehicles will go on display, which is seven more than last year.The show comes after sales of such cars hit a milestone in early April. Data showed they accounted for over half of cars sold in China.Shipments have been getting a boost from a year-long price war that has sapped profit margins…As automakers strive to keep up by announcing newer, cheaper models and promotions.Crowds flooded the booths of Chinese manufacturers such as BYD and industry newcomer, phone maker Xiaomi.Its CEO said locked-in orders for the sporty SU7 sedan - its first car - had hit over 75,700, and that buyers included owners of cars from brands like BMW and Audi.Foreign automakers have been scrambling to reset their China strategies and catch up with the electric shift.At the show, they touted plans to invest more in local production and research, with Japan's Nissan and Mazda unveiling cars tailored for Chinese drivers.

China's largest auto show showcases all-electric future, local brands dominate

When it comes to electric vehicles, we believe that Chinese car technology has a clear comparative advantage over Korean and Japanese cars. I think the next step is a high-performance premium car. Thi..

Xiaomi is pushing into the overseas market by selling lower-priced models of their new electric vehicle. The US and EU have launched investigations into the Chinese EV industry.

Xiaomi has not yet said how much the SU7, which stands for Speed Ultra, will cost. Read more at straitstimes.com.