Chinese language smartphone firm says it desires to construct a Porsche challenger

A turquoise Xiaomi SU7

Enlarge / I do know it appears to be like like somebody grafted the nostril from a McLaren onto a Porsche Taycan, however it’s truly a Xiaomi SU7. (credit score: Xiaomi)

Xiaomi, a Chinese language maker of shopper electronics maybe greatest identified for taking loads of inspiration from Apple, is stepping into the automotive trade. Earlier right now in Beijing, Xaiomi CEO Lei Jun debuted the Velocity Extremely 7, a luxurious electrical car that is squarely aimed on the spot out there presently served by the Porsche Taycan and Tesla Mannequin S sedans.

Xiaomi wished to department out from smartphones and tablets to EVs—that wasn’t precisely information, as the corporate introduced its plans about three years in the past. Lei has huge ambitions although; he desires Xiaomi to be a top-five automaker inside the subsequent 20 years.

Making a automotive is not that onerous, Lei advised the viewers. “If you wish to construct a automotive, 300 or 400 folks and a bit over a billion, and also you discover a benchmark automotive and also you simply want do reverse-engineering and you are able to do it,” Lei stated, then acknowledged that “to construct a very good automotive it’s nonetheless very very tough.”

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