小米汽车电动化从超越到引领，瞄准智能驾驶新高地

Investment Rating - The report does not explicitly state an investment rating for the industry or specific company [5]. Core Insights - Xiaomi has launched the mass-produced version of the Xiaomi SU7 Ultra, a high-end performance electric vehicle, with a pre-sale price of Rmb814,900, capable of accelerating from 0-100 km/h in just 1.98 seconds and reaching a top speed of 350 km/h [2][7]. - The SU7 Ultra is positioned to challenge luxury electric vehicle leaders, showcasing significant advancements in power and technology compared to competitors like Tesla Model S Plaid and Porsche Taycan Turbo S [3][8]. - Xiaomi's delivery targets are being exceeded, with October deliveries reaching 20,000 vehicles, and the company aims to achieve a total of 120,000 vehicles for the year, reflecting strong market competitiveness and brand recognition [4][8]. Summary by Sections Product Launch - Xiaomi officially launched the SU7 Ultra, which received 3,680 pre-orders within 10 minutes of its release, indicating strong consumer interest [2][7]. Performance Comparison - The SU7 Ultra features a maximum power output of 1,548 horsepower, significantly surpassing the Tesla Model S Plaid's 1,020 horsepower and the Porsche Taycan Turbo S's 760 horsepower [3][8]. - The vehicle is equipped with advanced battery technology from CATL, supporting a maximum discharge power of 1,330 kW and a peak voltage of 897 V, ensuring stability and range under extreme conditions [3][8]. Market Positioning - The launch of the SU7 Ultra is seen as a strategic move to establish Xiaomi's image in the luxury electric vehicle market, similar to Tesla's approach with its high-end models [3][8]. - Xiaomi's advancements in intelligent driving technology are expected to narrow the gap with industry leaders, with plans for a nationwide rollout of its City NOA feature [4][8].