Xiaomi CEO teases price of company's first car, showrooms begin displaying vehicle

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Xiaomi's CEO said on Monday his goal for the firm's first electric vehicle was that it would be the "best looking, easiest to drive and smartest car" priced below 500,000 yuan ($69,424), as the Chinese electronics maker gears up for orders this week...

The company will on Thursday evening announce its official price range and start taking orders for the car, dubbed the SU7, with the SU short for Speed Ultra..

CEO Lei Jun's comments, made on his official Weibo account, mark the first time the company has confirmed the upper end of its price range...

Xiaomi stores in China also began displaying the car on Monday, with prospective customers and car bloggers lining up to get a close view of the "ocean blue" version..