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Xiaomi plans to release its first EV, the SU7, in 2024.

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Xiaomi plans to release its first EV, the SU7, in 2024.

Xiaomi CEO Lei Jun is making the jump from smartphones to EVs before the debut of the long-rumored Apple car or Sony's Afeela. The SU stands for “Speed Ultra,” and when the SU7 debuts, it will accelerate from 0 - 100 km/h in 2.78 seconds. A Xiaomi Pilot autonomous system is powered by Nvidia's Drive Orin chips, and at the end of the launch event, two cars drove themselves onstage.

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Xiaomi plans to release its first EV, the SU7, in 2024.

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Xiaomi plans to release its first EV, the SU7, in 2024.

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