Xiaomi CEO Lee John has revealed the target price of the car, which will be "less than 500,000 yuan" In shekels - about NIS 252,000 before taxes, a price tag very similar to that of Tesla Model S Long Range in China, which costs NIS 620,000 in Israel. The price suggests that Xiaomi chose to place its first model in front of Tesla, Mercedes, BMW, NIO and other manufacturers.
The import to Israel is to be carried out by the Hamilton Group, which also imports Xiaomi's mobile and other products.