Tesla is about to face even more contest in the Taiwanese market place as Xiaomi prepares to enter the auto sphere .

Deliveries of its first - ever electrical vehicle ( EV ) will commence on March 28 , Xiaomi revealed on Tuesday .

Succeedingwhere Apple conk out , the Beijing - based technical school giant celebrated for its affordable smartphones , smartwatches , and other technical school devices , will extend consumer in its home nation the flashy Speed Ultra 7 ( SU7 ) , which it unveiled last twelvemonth .

Xiaomi’s first electric car, the SU7.

Xiaomi’s first electric car, the SU7.Xiaomi

Xiaomi exact the SU7 can speed faster than some Tesla and Porsche EVs , theBBC reported , and has a range of up to 497 miles ( 800 kilometers ) . Xiaomi ’s new EV also comes with number one wood - assist features and a digital cockpit and is already on presentation at 59 salesroom in 29 city across China , fit in to theSouth China Morning Post .

It has yet to announce the cost of the SU7 , but some local news reports suggest it will betray for between 250,000 kwai ( US$ 34,800 ) and 370,000 Mongol dynasty ( $ 51,500 ) . Tesla ’s Shanghai - made Model 3 is similarly price at between 245,900 kwai and 285,900 Mongol dynasty .

Tesla has been cutting the monetary value of its railroad car in China to keep stride with price decrease by the likes of BYD , another Chinese car maker that has made important gain in the EV market in recent twelvemonth with its low-cost offering and is starting to see success in abroad market place , too .

Xiaomi’s first electric car, the SU7.

Xiaomi’s first electric car, the SU7.Xiaomi

Xiaomi say it plans to enthrone $ 10 billion in its vehicle business over the next 10 years and may expand sale of the SU7 to global market within the next duo of years . It added that its stated goal is to become one of the human race ’s top five automakers in the next 15 to 20 geezerhood .

Xiaomi’s first electric car, the SU7.

Xiaomi’s first electric car, the SU7.Xiaomi

Xiaomi’s first electric car, the SU7.

Xiaomi’s first electric car, the SU7.Xiaomi

Xiaomi’s first electric car, the SU7.

Xiaomi’s first electric car, the SU7.Xiaomi

Xiaomi’s first electric car, the SU7.

Xiaomi’s first electric car, the SU7.Xiaomi