Asia / Pacific
Xiaomi Cuts Luxury EV Sedan’s Price by 35%
• Xiaomi, a Chinese automaker, has cut the price of its luxury EV sedan by 35%.
• The decision was made in a market chat on February 28, 2025, during a meeting with MT Newswires.
• The company’s pricing strategy includes a 35% reduction in the price of the sedan.
• The price reduction is part of a wider strategy to reduce the cost of luxury vehicles.
• The company’s decision is expected to impact the luxury EV market, with the company’s premium vehicles being more affordable.
• The announcement was made in a social media post on February 28, 2025.
