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The new Chinese EV that wants to take on Tesla and Porsche is coming this month

Xiaomi SU7 EV
The Xiaomi SU7 electric vehicle debuted in Beijing this week. Xiaomi
  • A new Tesla rival debuted in Beijing this week.

  • The Chinese smartphone maker Xiaomi designed the SU7 to challenge Tesla and Porsche.

  • The EV claims a top range of 500 miles — about 95 miles more than the Tesla Model S, per Xiaomi.

The Chinese smartphone maker Xiaomi is launching a new Tesla fighter later this month, marking yet another competitor for CEO Elon Musk in the critical Chinese electric-vehicle market.

The SU7 model, a high-end electric car, is set to launch on March 28 in China, CEO Lei Jun said Tuesday on X.

The announcement of the Chinese tech giant's first EV launch comes just weeks after Apple finally scrapped a decadelong effort to build its own electric and autonomous vehicle.

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Xiaomi's real competition in the EV market is Musk's Tesla. Lei took direct aim at Musk at the electric car's announcement last year, saying the company's goal was "to make a dream car that is as good as Porsche and Tesla," Bloomberg reported.

The SU7 is engineered to compete with the likes of Porsche and Tesla via its "super electric motor," Lei said, which he added could rack up speeds faster than either of the luxury-EV brands' products.

Pricing is not yet known for the new EV, which is in preproduction and set to hit the Chinese market in a few months.

Here's what we know so far about the SU7:

The SU7 claims 800 kilometers (500 miles) of range, Xiaomi said.

Xiaomi SU7 EV
The Xiaomi SU7 EV, which the Chinese company hopes will compete with Tesla and Porsche.Xiaomi SU7

The Porsche Taycan has about 246 miles of range, while the Tesla Model S has the highest battery range in Musk's lineup, with 405 miles.

The SU7 is set to edge out the competition with peak performance at 664 horsepower.

Xiaomi SU7 EV
The Xiaomi SU7 EV will have three electric-motor options.Xiaomi

The SU7 will eventually have three electric-motor options, with names taken from internal-combustion engines. Available first are the V6 option, rated at 295 horsepower, and the V6s, rated at 664 horsepower. That beats the 616-horsepower rating of the Porsche Taycan and the 455-horsepower rating of Tesla's Model 3 and Model Y.

Eventually, Lei said even more powerful "HyperEngine V8s" would join the lineup.

The SU7's battery is engineered to reach a full charge in 15 minutes.

Xiaomi SU7 EV
The Xiaomi SU7 EV reaches a full charge within 15 minutes, the manufacturer says.Xiaomi

The car's 101 kilowatt-hour CATL cell allows for 800-volt charging, a next level in EV fast charging, Xiaomi said.

The Xiaomi SU7 is set to be produced in a Beijing factory with an annual capacity of 200,000 vehicles.

Xiaomi SU7 EV
The Xiaomi SU7 EV is set to be produced in China.Xiaomi

The smartphone company plans to build its first electric car via a joint venture with the Chinese state-owned carmaker BAIC Group.

The SU7 will be available in three colors.

Xiaomi SU7 EV
The Xiaomi SU7 EV in "aqua blue." It will be available in two other colors.Xiaomi

Xiaomi will offer the SU7 in "aqua blue," "mineral gray," and "verdant green."

Xiaomi said the SU7 could go 0 to 100 kph in 2.78 seconds.

Xiaomi SU7 EV
The Xiaomi SU7 EV is set to get to 60 mph in under three seconds.Xiaomi

One hundred kph converts to about 62 mph, meaning the electric car hits 0 to 60 mph in under three seconds.

The smartphone company has engineered the SU7 to operate seamlessly with Xiaomi devices.

Xiaomi SU7 EV
The Xiaomi SU7 EV will work with the company's smartphone devices, it's said.Xiaomi

The SU7 shares an operating system with Xiaomi devices, an integration that's likely to entice many buyers even at a time when EV sales in China are showing signs of slowing.

The SU7 will be equipped with industry-leading autonomous-driving capabilities, Lei said.

Xiaomi SU7 EV
The Xiaomi SU7 EV has curvy lines.Xiaomi

Tesla's Full Self-Driving system has been marred by a series of recalls, leaving room for a new competitor to unseat the EV maker as a leader in driver-assist technology.

March 12, 2024 — This story was updated with a comment from CEO Lei Jun announcing the model's launch date. It was also corrected to indicate Bloomberg's report on Lei was from last year, not this year.

Read the original article on Business Insider