Xiaomi’s most recent venture of producing its first electric vehicle has been a success. During the company’s first 24 hours since it announced the news, it garnered 88,898 pre-orders.

Despite so, customers might be recieving some bad news, as Reuters and BBC are reporting that customers might experience a four-to-seven-month delay in their car delivery.

Reuters reported that according to Xiaomi’s car app, deliveries for its SU7 model may take 18 to 21 weeks, with the most expensive model probably taking between 27 to 30 weeks.

Xiaomi is the third-largest seller of smartphones globally, amounting to a 12 per cent market share. Now, entering the electric vehicle industry, Xiaomi is rivalling Tesla and BYD, two of the most dominant electric vehicle company in the market.

The SU7 model is priced at 215,900 yuan (€27,651.20) while the Max version comes with a 299,900 yuan (€38,380) price tag. This makes the SU7 model cheaper than Tesla’s Model 3 at 245,900 yuan (€31,451.20).

BBC points out that the SU7 is similar to the Porsche Taycan and Panamera models, and has a minimum range of 700 kilometres, “beating the Tesla Model 3’s 567 kilometres).

Recently both Tesla and BYD have reduced prices of their electric vehicles, following slow sales.

To mark the launch of its electric vehicle and as part of its campaign, Xiaomi released the founder’s edition, as a special version of the car that also includes gifts, including fridges.

Additionally, adopting Apple’s approach, Xiaomi is hoping to implement a shared operating system with its phones, laptops, devices and now cars, to attract its present customers.

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