Xiaomi secures lock-in orders of more than 70,000 SU7 cars

BEIJING (Reuters) – Xiaomi secured lock-in orders of more than 70,000 SU7 cars as of Saturday, its founder Lei Jun told an investor conference on Tuesday.

The Chinese smartphone maker targets deliveries of more than 100,000 SU7 cars in 2024, Xiaomi President Lu Weibing said on his Weibo account, relaying key takeaways from Lei at the investor event.

(Reporting by Qiaoyi Li and Brenda Goh; Editing by Tom Hogue)