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Xiaomi CEO Lei Jun has recently shared some interesting tidbits with the media, offering a more precise timeline for the tech giant’s automotive arm’s launch of its tri-motor SU7 Ultra. Additionally, the billionaire CEO spoke about Xiaomi Automobile’s willingness to lose money upfront to expand its portfolio to markets in Europe and become a top-five automaker in the world.

Becoming a top five automaker in the world is a lofty goal for an automaker that is a mere three years old, but Xiaomi Automobile has the backing of an electronics manufacturing powerhouse in Xiaomi Inc. as well as the support of its CEO Lei Jun, who has already pledged to invest $10 billion in the BEV development venture.

Xiaomi is trying to do something Apple teased but could never really get moving on – transitioning from a smartphone behemoth to a bonafide competitor in the EV market. Xiaomi Automobile’s track record is short but quite promising so far.

The Chinese automotive arm developed its flagship model, the SU7 sedan, faster than expected. The SU7 launched in late 2023 and locked in over 50,000 orders during the first 27 minutes it was on sale. The company has since had to bolster its assembly lines and production targets to keep up with demand, all while developing additional BEV models as an encore.

In July, Xiaomi announced a new 1,548hp Ultra trim of the SU7, coming in the first half of 2025. Xiaomi Automobile also already has a second bespoke model in development that will compete against the Tesla Model Y, possibly in markets around Europe and beyond.

Xiaomi SU7 Ultra
The Xiaomi SU7 Ultra sedan / Source: Xiaomi Automobile / Wiebo

Xiaomi CEO hints at expansion plans to Europe and beyond

As pointed out by CnEVPost, Xiaomi CEO Lei Jun shared some company updates via livestream earlier today, including a clearer timeline of when customers will see the arrival of the production version of the aforementioned SU7 Ultra. Per the video, the 1,548 horsepower four-door sedan will launch in China in Q1 of 2025.

Because the BEV is so powerful, Jun said each build will leave Xiaomi’s production facility in “beginner mode. ” Drivers must complete and pass a step-by-step exam to unlock the vehicle’s full performance, to “unleash it.”

While Xiaomi initially focuses on its two variants of the SU7 in China, expansions to Europe might soon be in the cards. The automaker had the SU7 on display in Paris during the 2024 Olympic Games, where Lei Jun said it would be available globally, without sharing a specific time frame on when that might happen.

Xiaomi also recently took the SU7 Ultra to the world-famous Nürburgring track, reaching a top speed of over 350 km/h (217.5 mph). Although it only has one EV on the market, Xiaomi’s CEO has big goals for the automotive arm, previously stating a target to become one of the world’s top five automakers in 15 to 20 years. It’s possible, but it will cost a lot of money to get there, something Xiaomi executives are aware of and don’t seem phased by.

In a conversation with Bloomberg TV, Xiaomi CFO Alain Lam confirmed plans for global expansion, including Europe, but was realistic about the pending costs to get there:

We are more focused on our growth than profitability at this point. We do believe scale will bring profit in the future. Right now at this point I only have one SKU, it’s far away from what we call profitability. We need to continue to invest in this business.

Per Xiaomi’s Q2 2024 financial report, its automotive arm recorded an adjusted net loss of RMB 1.8 billion ($252 million) and delivered 27,307 SU7 BEVs in China. Those delivery numbers should grow in the second half of the year as Xiaomi has completed its assembly line expansion and has twice increased its production targets for the year, which now sits at 120,000 units.

Before Xiaomi becomes a top automaker in Europe and beyond, its immediate focus will remain on China, as it should. Lam again spoke:

We do have the global expansion in mind, although right now we are trying to fulfill all the demand from customers in China.

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Here’s your first look at the Hyundai IONIQ 2 [Video]

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Here's your first look at the Hyundai IONIQ 2 [Video]

We are finally getting our first look at the IONIQ 2, the smaller sibling to the Hyundai IONIQ 5. Hyundai is expected to reveal the new EV next month, but after it was spotted driving near its tech center, we are already getting a sneak peek. Check it out for yourself in the video below.

First look at the Hyundai IONIQ 2 reveals new low-cost EV

Hyundai is betting on more affordable EVs to drive growth. It’s already finding success with the Inster EV, its cheapest electric car.

In the heart of Europe, Germany, the Inster EV was the top-selling small electric car through the first half of the year.

Hyundai is preparing to introduce another low-cost EV as part of its expanding IONIQ lineup. The IONIQ 2 will sit between the Inster EV and Hyundai Kona Electric in an increasingly popular segment.

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Hyundai is expected to introduce the IONIQ 2 next month at the Munich Motor Show, with sales set to begin in mid-2026.

Although we caught a glimpse of a camouflaged model last month in a South Korean parking lot, a new video reveals the IONIQ 2 testing on the road.

The video from CarSpyMedia offers a good look at the new EV from all angles. As with the EV2, the IONIQ 2 will feature a taller, more SUV-like profile.

It’s still covered, but you can expect to see new design elements, such as redesigned LED headlights, featured on the new IONIQ 6.

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Kia Concept EV2 (Source: Kia)

The interior will undergo a “step change” from current models, according to Autocar, with new software, features, and an updated infotainment system.

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The interior of the new Hyundai IONIQ 6 (Source: Hyundai)

Like most Hyundai, Kia, and Genesis electric vehicles, the IONIQ 2 will be based on its E-GMP platform. It will likely be offered with different battery pack options, similar to the Kia EV3. The EV3 is available with 58.3 kWh and 81.4 kWh battery packs, providing WLTP range of 267 miles and 372 miles respectively.

You can also expect it to share parts and similar styling to Kia’s upcoming EV2. The EV2 is scheduled to go on sale a few months ahead of the IONIQ 2.

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Kia EV3 Air in Frost Blue (Source: Kia UK)

Hyundai has yet to announce the price range, but it’s likely to start at around 30,000 euros ($35,400), which is slightly less than the Kia EV3’s price of 35,990 euros ($42,500).

Unfortunately, the IONIQ 2 is not expected to launch in the US. Hyundai is doubling down on SUVs after ramping output of the three-row IONIQ 9 and 2025 IONIQ 5 at its Georgia EV plant.

Hyundai Motor, including Kia and Genesis, is gearing up to launch its next-generation electric vehicles. An Electrek reader shared an image (shown below) of a few new camouflaged models testing in Europe.

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New Hyundai vehicles testing in France (Source: X user/ @Kenneth91250415)

The vehicle on the left, spotted in France last week, appears to be the new Hyundai Staria electric van. Given the distinctive two-line LED headlights, the vehicle at the front is likely a Genesis model.

Although it’s hard to tell, it appears to be the new GV90, an ultra-luxury Genesis electric SUV. Hyundai’s luxury brand is upscaling its lineup with the new full-size SUV serving as its new flagship model. The GV90 is expected to go head-to-head with the Mercedes G-Wagen. Last month, we got our first look at the GV90 with coach doors, giving off the Rolls Royce feel. It’s expected to arrive around mid-2026.

What do you think of the IONIQ 2? Would you buy one for around $35,000? Or, are you waiting for the ultra-luxe Genesis GV90? Drop us a comment below.

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The first EV powered by a semi-solid-state battery has been cleared for sale

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The first EV powered by a semi-solid-state battery has been cleared for sale

The “Holy Grail” of EV batteries may be closer than we think. The first mass-produced EV to feature a semi-solid-state battery, the new MG4, was just cleared for sale in China.

Is the MG4 the first EV with a semi-solid-state battery?

After opening pre-orders for the new MG4 earlier this month, starting at about $10,000 (73,800 yuan), SAIC Motor announced that pricing for the semi-solid-state battery version would be revealed in September.

Well, we are already getting a look at the new variant. The MG4, equipped with a semi-solid-state battery, was included in the latest batch of vehicles cleared for sale by China’s Ministry of Industry and Information Technology (MIIT) this week.

According to the regulatory filing, the new EV will feature the same single front-mounted 120 kW (161 hp) electric motor as the other models.

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As expected, the biggest change is the battery. The new variant swaps the lithium iron phosphate (LFP) battery that powers other MG4 models for a manganese-based lithium-ion battery. The battery is manufactured by Suzhou Qingtao Power Technology Co, a global leader in solid-state Li-ion EV batteries.

Other optional features include a 360-degree camera, front and rear radars, front badging, a tinted roof, and privacy glass.

Although it has been cleared for sale, we will have to wait until closer to launch for prices, range, battery capacity, and other specs.

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The all-new MG4 EV (Source: SAIC MG)

For now, the new MG4 is available in four trims: Comfort, Ease, Freedom, and Smart. Two battery pack options are available, 42.8 kWh and 53.9 kWh, providing CLTC ranges of 437 km (272 miles) and 530 km (330 miles), respectively.

Prices start at 73,800 yuan ($10,000) for the base “Comfort” trim, ranging up to 105,800 yuan ($15,000) for the “Smart” edition model.

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The all-new MG4 EV interior (Source: MG SAIC)

At 4,395 mm long, 1,842 mm wide, and 1,551 mm tall, with a wheelbase of 2,750 mm, the new MG4 is slightly bigger than the popular BYD Dolphin EV hatch.

Inside, the semi-solid-state battery version is expected to feature the same setup with a 15.6″ floating infotainment and plenty of smart tech.

SAIC MG claims the new MG4 will be the first mass-produced EV to launch globally with a semi-solid-state battery. Prices and more info will be revealed in September, with deliveries beginning by the end of 2025.

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The Polestar 3 just shattered range estimates with a record-breaking 580+ mile drive

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The Polestar 3 just shattered range estimates with a record-breaking 580+ mile drive

Polestar’s electric SUV set a new Guinness World Record after travelling over 580 miles (935 km) on a single charge. The trip took nearly 23 hours, but the Polestar 3 now claims the world record for the longest journey travelled by an electric SUV.

The Polestar 3 sets a new Guinness World Record

The record was set by an unmodified Polestar 3 Long Range Single motor model. Polestar launched the new variant in Europe last summer, followed by the US and other global markets in late 2024.

Powered by the same 111 kWh battery as the Dual Motor Polestar 3, the entry-level version features a single 295 hp (220 kW) rear-mounted motor. It’s also the most efficient model, rated with a WLTP range of 706 km (435 miles).

However, after a record-breaking trip this week, the Polestar 3 proved it’s much more efficient than the numbers show.

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The Polestar 3 drove 935.44 km (581.3 miles) on public roads in the UK, setting a new Guinness World Record for the longest journey traveled by an electric SUV and smashing its range estimates by almost 230 km (143 miles).

Polestar-3-World-Record
The Polestar 3 sets a new Guinness World Record (Source: Polestar)

According to Polestar, the electric SUV reached its WLTP range figure and still had 20% battery capacity, which allowed it to travel an additional 12.8 km (8 miles) before reaching 0%. And it did make it to a charger, in case you were wondering.

“While the drivers pushed the Polestar 3 to the boundaries of its range capability, it goes to show how battery range has improved exponentially over the past few years,” Polestar’s UK Managing Director, Matt Galvin, said.

Galvin added that “For a large premium SUV to go way beyond a London to Edinburgh distance is truly impressive and with this the adage that ‘EVs can’t go far’ has been very much consigned to the history books.”

The trip took 22 hours and 57 minutes, but the electric SUV delivered an impressive performance. Professional efficiency drivers, Sam Clarke, Kevin Booker, and Richard Parker, took turns driving every three hours.

The unmodified Polestar 3 was fitted with standard 20″ wheels and Michelin Sport 4 EV tires. Guinness World Record judge, Paulina Sapinska, verified the attempt. You can watch it in the video above.

Electrek’s Take

With an efficiency of 12.1 kWh/100 km (19.5 kWh/100 miles), or 5.13 miles/kWh, the Polestar 3 proved to be even more efficient than the Lucid Air Pure.

Lucid introduced the 2025 Air Pure last summer as the “World’s most efficient car” with an EPA estimated 5.0 miles/ kWh.

Last month, the Lucid Air Grand Touring model set a new Guinness World Record for the longest journey by any electric car on a single charge after driving 1,205 km (749 miles) through the Alps and into Germany.

And last week, GM announced the 2025 Chevy Silverado EV Work Truck set a world record after it drove 1059.2 miles on a single charge.

With most automakers and many other companies chasing more efficient batteries with new chemistries, this could be just the start.

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