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Xiaomi SU7 and Tesla Model 3: Priced the Same, Which Would You Choose? Over 20,000 Votes Cast, Xiaomi Wins Big

Wang Le Thu, Mar 21 2024 10:16 AM EST

As the March 28 launch event draws near, hype surrounding the Xiaomi SU7 continues to build online. One of the biggest questions on everyone's mind is: how much will the Xiaomi SU7 cost?

In the highly competitive automotive market, the SU7's pricing will undoubtedly play a significant role in shaping Xiaomi's market trajectory.

Recently, a blogger launched a poll, asking users which car they would choose if the Xiaomi SU7 and Tesla Model 3 were priced identically. Over 20,000 people participated in the vote. bc071d7f-91e0-47e0-ab01-ce3a5f31632d.jpg Through now, 21 thousand people voted. 14 thousand of them chose the Xiaomi SU7, and only about 7 thousand chose the Tesla Model 3.

So, around two-thirds of voters think the Xiaomi SU7 is more worth buying. But only if the Xiaomi SU7 is about the same price as the Tesla Model 3.

Someone said that regardless of which is more worth buying, the Xiaomi SU7 should be cheaper than the Tesla Model 3. At least, they don't think the starting price will reach 250 thousand Yuan. be3d87e7-a363-4604-8774-e4af709a239b.jpg

Recent news suggests that the Tesla Model Y will experience a price increase on April 1st.

In response to this, Lei Jun expressed his admiration, stating: "Tesla is truly remarkable. I sincerely admire them." "The current electric vehicle market is highly competitive, yet Tesla remains undeterred in raising its prices."

Lei Jun also mentioned the Tesla Model 3, which is currently priced at 245,900 CNY. According to a rough calculation based on the reported operating profit margin, a sales price of 223,000 CNY would be necessary to break even. He indicated that the standard edition of the Xiaomi SU7 surpasses the Model 3 in terms of configuration, employs high-quality materials, and incurs significant procurement costs during its initial market launch, resulting in pricing challenges. 310c7a60-d31d-4761-9398-fc7c396bdd78.jpg Lei Jun emphasizes that no matter what, you must feel that you're getting your money's worth.