Hong Kong CNN —
Xiaomi is scheduled to formally launch its much-anticipated electric car — the new Speed Ultra 7 (SU7) sedan — on Thursday night in Beijing.
Lei Jun, founder and CEO of the popular Chinese smartphone brand, teased the launch this week by saying he wanted the company’s first electric vehicle to be the “best-looking, easiest to drive, and smartest car” priced below 500,000 yuan ($69,180).
“Xiaomi wants to build a ‘dream car’ comparable to Porsche and Tesla,” he said on Weibo on Wednesday.
“If we want to build good cars, we
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