Xiaomi is venturing into the market of electric SUVs with its new model called MX11, which will be tested against the Tesla Model Y.
Xiaomi is gearing up to debut its second electric vehicle, the SUV which is internally dubbed MX11. The latest model, however, is expected to be in the market by the end of February/March of the next year and is designed to rival the Model Y by Tesla. The MX11 will ride on the same module as Xiaomi’s first electric car, the SU7. However, it will have a more elegant and curvier design. Xiaomi hopes to place the price of this SUV lower than that of the Tesla Model Y enabling it to compete healthily in the electric SUV segment.
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Xiaomi SU7 has been on the market for a very short period but is still managing to achieve great goals surpassing the unbelievably set targets of its 100,000 deliveries in the year 2024 and again reviewing the expectation to 130,000. The luxury version, the SU7 Ultra is set to launch in March 2025 has received a lot of hype. It boasts of delivering performance capabilities found in far more expensive EVs with nearly the same capabilities. With the increasing demand however, Xiaomi is speeding up the second phase construction works of its electric vehicles’ manufacturing plant in Beijing. This is expected to be up and running by the middle of 2025 and will raise the companies capacity for production to about three hundred thousand cars a year.
The fast forward strategy employed by Xiaomi towards the development of electric cars is Aimed at not only catching up with riders like Tesla who are the leaders in the industry, but also providing cheaper options for the consumers.
Conclusion: The debut of the MX11 SUV by Xiaomi is another indication that the company is out to compete against Tesla, but with lower-priced electric vehicle options. The speed of growth and abilities of high functioning elements confirm Xiaomi’s dedication to advancing in the electric vehicle industry.