Xiaomi will not launch models under 100,000 yuan in the next few years. Lei Jun: The cost of doing smart technology is high. The new SU7 was tested this morning for range between Beijing and Shanghai

Xiaomi Chairman Lei Jun stated that there will be no electric vehicles priced below 100,000 yuan in the next few years, as the cost of intelligence is high and difficult to control within this price range. The new generation SU7 has over a hundred upgrades compared to the first generation, with material costs increasing by 20,000 yuan, but the selling price has only been raised by 4,000 yuan. Lei Jun also mentioned that Xiaomi has been affected by negative public opinion over the past year and has decided to introduce products through live streaming to enhance understanding. The new SU7's Beijing-Shanghai endurance challenge will be live-streamed throughout, expected to be completed in 15 hours