Xiaomi's first car will be a sedan or SUV, priced at less than 300,000 yuan (USD $42857)

On April 6th, Mi Fan Festival, Lei Jun, Chairman and CEO of Xiaomi Group, launched a personal live broadcast on the Internet, and talked about Xiaomi's future plans with the car industry big man Han Lu. He said: Xiaomi's first car will be a car or SUV, and the price will be around 100,000 to 300,000 yuan (USD $42857) , positioning in the high-end market. Xiaomi has always been making products that are "moving and at a good price". Both mobile phones and small appliances are known for their cost-effectiveness. The pricing that Lei Jun said this time really surprised us. I thought Xiaomi would launch a product below 100,000 yuan (USD $14286) . Of electric vehicle products with ultra-high performance ratio, but the answer is obviously not the case. Xiaomi has already begun to build cars. They have huge advantages in suppliers and technology. This makes us increasingly expect what Xiaomi can make of cars, and look forward to the first electric car belonging to young people.