What does it take to beat a $2 million hypercar?
Apparently, a Chinese phone company and $73,000.
The Xiaomi SU7 Ultra just set a new Nürburgring EV production record: 6:48.874. That's faster than the Rimac Nevera—the hand-built Croatian hypercar that costs 27 times more.
The specs are absurd: 1,548 HP from a tri-motor setup, 1,770 Nm of torque, 0-62 mph in 1.97 seconds, top speed of 217 mph. The 897-volt battery architecture enables 480 kW charging—10% to 80% in 11 minutes, faster than any Tesla or Porsche. Range is 630 km.
This isn't a stripped-out track special. It's a four-door sedan with 628 lbs of downforce, carbon ceramic brakes, six-piston Akebono calipers, and a 101 ft braking distance from 62 mph. The fixed rear wing, active diffuser, and front splitter work together at speed.
The value gap is the story. Xiaomi undercut the Rimac by 0.3 seconds and $1.9 million. A Porsche Taycan Turbo GT costs 3x more and runs 18 seconds slower. The SU7 Ultra costs less than a BMW M5.
Xiaomi applied consumer electronics manufacturing—high volume, tight margins, relentless iteration—to the hypercar segment. The result exposes how much legacy automakers charge for brand, not engineering.
A phone company made the fastest production EV sedan in the world. The traditional automotive industry should be terrified.
Currently China-only at ¥529,900 (~$73,740), with international variants and a Nürburgring Limited Edition (~$114,000) rumored for 2026.