Xiaomi's new electric sedan, the SU7, received an impressive 89,000 pre-orders in the first 24 hours.

Customers are experiencing extended wait times, with some facing up to a seven-month delay for delivery.

To appease eager buyers, Xiaomi has introduced special edition vehicles accompanied by complimentary gifts.

The production capacity at Xiaomi's Beijing factory is set at 200,000 vehicles per year, in collaboration with BAIC Group.

Despite the surge in demand, financial experts anticipate that Xiaomi might incur losses with each SU7 sold.

Xiaomi is currently under an anti-subsidy investigation by the European Union, which could impact its market strategy.