**Xiaomi Unveils New SU7 Electric Sedan Starting at $69,000 in China**

**Introduction:**
Xiaomi, known for its innovative smartphones, is set to enter the electric vehicle market with the new SU7 sedan. The CEO, Lei Jun, hinted at the pricing of the vehicle, which will start at under 500,000 yuan (~$69,000) in China.

**Key Features of the SU7:**
– The base model comes with a single electric motor producing 295 hp, while the dual-motor flagship version boasts 664 hp.
– Production of the SU7 will take place at a BAIC Group-owned facility in Beijing.

**Competitive Pricing in China:**
Xiaomi aims to offer the best-looking, easiest to drive, and smartest car in its price range. With EVs heavily subsidized in China, the SU7 will compete with models like the Nio ET7 sedan and undercut imported luxury vehicles like the Porsche Taycan.

**Availability and Specifications:**
Xiaomi has started displaying the SU7 in its stores across China. The entry-level models feature a single electric motor with 295 hp, while the flagship models offer dual-motor setups with 664 hp and advanced battery technology.

**Conclusion:**
Xiaomi’s entry into the electric vehicle market with the SU7 sedan showcases its commitment to innovation and value. With competitive pricing and impressive features, the SU7 is poised to make a mark in the EV industry.