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Xiaomi challenges luxury car brands with customizable, high-end EVs and plans European expansion by 2027.
Chinese automaker Xiaomi is challenging Western luxury brands like Porsche by offering extensive customization for its SU7 Ultra and YU7 Max electric vehicles, targeting affluent buyers with options like 24-karat gold badges, custom wheels, and hand-painted finishes costing up to 100,000 yuan extra.
The move, part of a broader strategy by Chinese EV makers to capture the premium market, comes as local brands gain ground with advanced technology and personalized services.
While Porsche maintains a strong bespoke program, Xiaomi aims to deliver similar exclusivity at lower price points, signaling a shift in the luxury EV landscape.
Xiaomi also plans to expand into Europe with flagship stores by 2025 and launch its EVs there in 2027.
Xiaomi desafía a las marcas de automóviles de lujo con vehículos eléctricos de gama alta y personalizables y planea la expansión europea para 2027.