The first images of Xiaomi’s SU7 EV have been published by a Chinese government regulatory agency, showing off the car in advance of its official public debut. Alongside the images, various specifications in the regulatory filings are being reported, such as the car’s size, weight, power output, manufacturer, and available models at launch.
According to the filing (via CarNewsChina), Xiaomi will not actually be building the car — Beijing Automotive Industry Holding Co. (BAIC) will. BAIC is a government-owned Chinese car manufacturer and will be producing the SU7 on contract. This was previously rumored over a year ago, and today’s news confirms it.
Beyond that, we’re getting a sense of where the SU7 will be positioned in the vehicle landscape. With a 118″ wheelbase and fastback roofline (though a faux-hatch trunk), the SU7 seems closest to the Tesla Model S’s packaging, albeit with a slightly longer wheelbase than that car. That’s not very surprising given the extreme popularity of long-wheelbase versions of mid-size luxury sedans in China, the market this car is undoubtedly seeking to court. On overall length, the SU7 is actually just shy of a Model S (a difference of less than 30mm), so the two seem like prime points of comparison.
While we have power specifications and curb weights, range and battery capacity weren’t included in the filings. The single-motor RWD variant of the SU7 will produce around 295 hp and weigh around 4,365 lbs. The premium AWD dual-motor version makes 663 hp and weighs a substantially heftier 4,861 lbs (presumably owing not just to the extra motor but to a larger battery). We do know battery chemistries between the two models are different, with the cheaper car getting a lithium iron phosphate (LFP) pack and the premium trim using nickel manganese cobalt (NMC). Previous leaks indicated an 800-Volt architecture and 100kWh battery, the latter likely referring to the higher-end model.
Based on images from the regulatory filing, we can also see that some trims of the SU7 will feature a rather bulbous lidar array on the roof of the car, presumably to provide driver assistance and autonomy features — though it’s not clear what level of autonomy the SU7 will actually be capable of. The specific trims available at launch are the SU7, SU7 Pro, and SU7 Max, which do make this car sound more like a smartphone than a luxury sedan. There will also apparently be a Founders Edition subvariant (badging is visible on the photos), because of course there will.
Given Xiaomi is a Chinese brand with an ecosystem of products and services largely marketed to Chinese customers, it’s unclear if the company has any plans to sell the SU7 outside its home country. With state-owned BAIC doing Xiaomi’s manufacturing, that does lend credibility to the car launching sooner rather than later, and Xiaomi allegedly wants the car to be available starting in early 2024, with manufacturing beginning before the end of 2023.
Electrek’s take
Hodge-podge of styling elements aside (I see Tesla Model 3, Hyundai Sonata, and Kia Stinger on this car, for a start), the Xiaomi SU7 definitely seems set to raise eyebrows with its available high-output model, lidar-assisted autonomy features, and Xiaomi-developed in-car software. Of course, two big details are omitted in today’s not-leak: Range and pricing.
I’ll personally be curious to see what level of improved integration Xiaomi will be able to provide owners of its smartphones with this car, though I suspect many of those things will only ever be relevant to China-market customers. While Xiaomi does sell phones in a long list of countries around the world, its larger “Mi ecosystem” of products and services is mostly a China play. And with BAIC building the car, it’s unclear just how much of this car will be Xiaomi versus BAIC. Xiaomi has a long history of slapping its name on products the company doesn’t meaningfully contribute to from an engineering and development standpoint. (That’s basically what the “Mi ecosystem” is — white-label branding.)
Given Xiaomi has essentially zero brand recognition in the United States, it seems exceptionally unlikely this car will ever come to the US market. The company has much more popularity in Southeast and Central Asia, but these aren’t regions where luxury EVs are particularly relevant to most consumers. Perhaps its best hope outside Asia, then, is Europe, where Xiaomi is surprisingly dominant in certain countries (e.g., Spain, Denmark, Greece, Belgium). The problem is that dominance leans heavily toward the value segment of the market — not exactly the kind of people who are buying a big, expensive EV. Xiaomi’s brand is built on delivering high value relative to product capability, and that’s far easier to do in the heavily commoditized, high-turnover world of smartphones. There’s only so much you can do to make a full-size EV cost-accessible, and I sincerely doubt Xiaomi and BAIC will be able to wave a magic wand to deliver world-beating pricing (at least outside China).
Perhaps the largest impact a car like the SU7 will have on the broader market is in driving the discussion of technology companies building their own vehicles. Apple has long flirted with the idea of its own car, and with global smartphone growth plateauing, consumer tech brands will likely be eyeing the success of Xiaomi’s outsourced manufacturing arrangement with great interest.
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Australian logistics company Linfox is making big moves to electrify its heavy-duty semi fleet with the addition of thirty new Volvo FH and FM Electric semi trucks as the Swedish brand works to begin production at its Brisbane facility.
Volvo Trucks is expecting to begin full scale production of its FH and FM Electric semi trucks at the Brisbane factory in early 2026, just in time to fill the Linfox order – which happens to be the company’s largest in Australia. So far.
“We are very proud to continue our close partnership with Linfox. The order for 30 Volvo electric trucks is proof of their trust in our company and in zero-emissions transport as a viable solution here and now,” said Roger Alm, President Volvo Trucks. “Our commitment to start building electric trucks in Australia demonstrates our confidence in this technology, and means we can offer an industry-leading range of purpose-built electric trucks all around the world.”
“Linfox is excited to partner with Volvo in driving the future and leading sustainable logistics in Australia,” explains Peter Fox AM (Member of the Order of Australia), Executive Chairman of Linfox. “Further electrifying our fleet sets the standard for us and our customers and the entire industry.”
Linfox’ latest order includes 29 Volvo FH Electric and one FM Electric semi. The company currently has four electric Volvo trucks in its fleet of 195 semis, with plans to continue to electrify as ICE-powered assets reach retirement.
Electrek’s Take
Linfox Volvo semi fleet; via Volvo Trucks.
Now counting miles in operation in the tens of millions and rolling out its third generation of electric semi trucks, Volvo (and, by extension, Mack and Renault) continue to build a huge lead in the commercial trucking space. The competition, meanwhile, seems content to post pictures of its first factory while trucks that have been on order for years still haven’t reached customers.
I can’t see how they (Tesla) catch up from here.
SOURCE | IMAGES: Volvo Trucks.
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Oakland International Airport (OAK) in Alameda, California is helping stressed-out air passengers breathe a little bit easier with the introduction of five new battery-electric K9MD shuttle buses to its ground equipment fleet.
“We applaud Oakland Airport and their commitment to electrifying its fleet,” said Jason Yan, Vice President of Sales, West Region and National Account at Ride. “[BYD] Ride is thrilled to partner with OAK to offer sustainable transportation solutions that benefit both the environment and the community.”
The K9MD buses seat up to 42 passengers and have a 208 mile operating range from a 352 kWh lithium iron phosphate battery. That battery is backed by a 12-year warranty to help keep fiscally conservative fleet buyers at ease, while the smooth, quiet, and electric drive keeps the fleet’s operators happy, too.
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Oakland International Airport is operated by the Port of Oakland, and is scheduled to electrify its entire ground operations fleet by 2030.
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With President Donald Trump’s private dinner for top meme coin holders less than a week away, the leaderboard is awash with crypto wallets that are effectively anonymous.
On May 22, the top 220 $TRUMP holders are invited to a dinner with the president at his Virginia golf club outside of Washington, D.C. The event was announced last month, and the tally closed Monday night.
The nature of the pseudonymous wallets raises questions about the true identities and motivations of the token’s largest holders, who have bought a seat at the table with a U.S. president.
Documents from blockchain analytics firm Inca Digital that were reviewed by CNBC show where the top 275 $TRUMP token holders send and receive the token. Many are heavily tied to international exchanges like Binance that don’t service U.S. customers, an indication that they’re likely not U.S. citizens.
An analysis by Bloomberg revealed that 19 of the top 25 wallets are almost certainly owned by individuals operating outside the U.S.
Justin Sun, who openly shared that he bought $75 million worth of the Trump family’s World Liberty Financial token — a digital coin where 75% of proceeds go to Trump-related entities — is believed to be at the top of the $TRUMP meme token leaderboard.
Sun, who was born in China, is the crypto entrepreneur behind the Tron blockchain and is in talks with the SEC to resolve civil fraud charges.
A wallet called Sun currently holds more than $18 million worth of $TRUMP, with $4.5 million bought after the dinner contest announcement, according to Bloomberg.
Multiple reports point to the wallet being tied to the Tron founder. A representative for Sun didn’t respond to CNBC’s request for comment or confirm whether Sun is the wallet owner.
MemeCore, a Singapore-based crypto network that was vocal in its quest to secure a spot at the Trump dinner, landed in second place with an investment of $18 million. An Australian crypto entrepreneur also reportedly made the cut.
The leaderboard points to the token’s extreme volatility.
Inca Digital told CNBC that while 560,376 wallets have made a combined $5.2 billion in realized gains on the $TRUMP token, an even larger number — 592,962 wallets — have collectively lost $3.9 billion.
The figures underscore the massive wealth transfer within Trump’s crypto ecosystem, where early buyers have seen windfalls while the majority have suffered losses.
Chainalysis and Elliptic, two leading blockchain analytics firms, initially tracked $TRUMP token movements and trading fees. But days after CNBC published a story on the number of crypto wallets that had lost money on the meme coin, the firms said they were too busy with existing clients to continue blockchain analysis of the president’s self-branded meme token.
Sen. Richard Blumenthal, D-Conn., the ranking member of the Senate Subcommittee on Investigations, warned that the Trump family’s growing crypto holdings may serve as a backdoor for foreign and corporate interests seeking access to the president.
Freight Technologies, a Houston-based logistics firm that trades on the Nasdaq and has a market cap of just over $2.3 million, bought $2 million worth of the $TRUMP tokens to influence U.S.-Mexico trade policy, according to a release. CEO Javier Selgas described the move as a strategic push to “champion fair and free trade” across the U.S.-Mexico border.
Freight Technologies finished in 250th place, missing the cut for the dinner.