Friday, April 19, 2024

New car brand is suddenly worth much more than a Ford

Xiaomi will no longer only produce mobile phones. The SU7 is the Chinese's first take on a car, and it impresses so much that the stock is skyrocketing.

Chinese Xiaomi is now also a car brand.

And it has gone beyond all expectations with the brand's first model SU7. A car that the Chinese have, among other things, hired the controversial former BMW designer Chris Bangle for the development of.

And the Chinese must know something. Because on paper – more specifically on the stock market – Xiaomi is now worth a staggering $55 billion.

By comparison, Ford, which has 120 years behind it, is 'just' worth 52.4 billion dollars. In fact, even General Motors has to see itself overtaken by the Chinese.

Read more news from and about the automotive industry right here!

So what is SU7? Yes, it's a car the size of the Porsche Taycan. Xiaomi has also priced the car so aggressively on the domestic market in China that analysts believe that each SU7 makes a loss of just under 10,000 dollars. This corresponds to DKK 69,200 at the current exchange rate.

However, the new Chinese car brand can boast that over 50,000 motorists ordered an SU7 in just 27 minutes. At least that's what Xiaomi itself claims.

In total, the Chinese claim to have received more than 90,000 pre-orders for copies of the SU7 in the first 24 hours after the order books were opened. Perhaps because the basic edition costs 207,000 Danish kroner.

Read more news from and about the automotive industry right here!

Latest

Don't miss

New figures: Used electric cars have never been cheaper

After a quiet period at the beginning of the...

Jarl's brand new Fisker has lost at least DKK 200,000 in value

Jarl Knudsen paid DKK 600,000 six months ago for...

What is illegal here? Every fourth driver does not know the penalty

Over 3,800 motorists had to contribute to the state...

Didn't know she snod – female driver gets prison sentence

In August 2022, a now 31-year-old woman was caught...

Aarhus drops ban on all cars – "too violent"

In Aarhus, the municipality cannot live with the fact...
Boosted Magazine
Boosted Magazine
Boosted in Denmark has over a million unique users, surpassing two million sessions, and accumulating over seven million page views each month, and our platforms has become a hub for automotive enthusiasts. Now you can enjoy our content in English too! Enjoy our free car news - every day. Want to talk to us? Write an email to boosted@boostedmagazine.com
spot_img

Judgment on confiscated car can be appealed, says Hojesteret

It is not certain that the state will be allowed to confiscate another lease car. In any case, one motorist has now received the...

Nissan promises 'super battery' in electric cars as early as 2028

Although Nissan says that the so-called solid state batteries for electric cars are now within reach, it will not be until 2030 that the...

Chinese electric cars are causing chaos in Europe's ports – nobody wants them

New electric cars from China are piling up by the thousands around Europe's ports. Officially because it is difficult to find transport to get...

Parts of Canada ban self-driving cars

In the Canadian province of British Columbia, level 3 self-driving cars have been so banned that the cars are not even allowed to drive...

China has bid for a French car brand, says Stellantis boss

The car group Stellantis has turned down a bid for a French car brand, which boss Carlos Tavares does not want to name. Stellantis...

Ford recalls accessories that fly off cars

Ford Bronco owners who paid for the dealer to put a so-called hood scoop on the bonnet must now hand it in again. A...

What is illegal here? Every fourth driver does not know the penalty

Over 3,800 motorists had to contribute to the state coffers last year because they were speeding too fast during a road work. And that...

So many cars have been impounded for speeding in 3 years

In three years, almost 3,000 motorists have had to say goodbye to both their driver's license and their car because they have been taken...

Electric cars pose a safety risk, says Danish workshop

Prevailing myths that electric cars do not need service are now causing the alarm bells to ring at nationwide garage chains. On top of...

Mercedes is dropping a special electric car with a petrol engine

A small petrol engine should have helped a new electric Mercedes to go further on the battery. But now the Germans are scrapping the...

Citroën unveils new C3 Aircross: See first photo here

Citroën reveals the first image of the all-new C3 Aircross, which will be launched in Europe later this year. Citroën writes about it: The...

Privately leased electric cars in crazy growth of over 300 percent

Private leasing is booming among Danish consumers, and where the focus has been on the general figures for private leasing, it becomes even more...
footer.txt Viser footer.txt.