Xiaomi says sales of its new EV have been 3-5 times higher than expected

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BEIJING (Reuters) – China’s Xiaomi (OTC:XIACF) said on Thursday that sales of its sporty electric vehicle have been 3-5 times higher than expected, and it had started deliveries of the SU7 – short for Speed Ultra 7 – 12 days earlier than previously announced.

The comments were made by the company’s founder and CEO Lei Jun at a livestreamed event at Xiaomi’s Beijing car delivery centre.