Smartphone company releases £88,000 sports car that is a spitting image of a Ferrari

Xiaomi surprises the world with its SU7 Ultra, a £88,000 electric sports car boasting 1.98-second 0-60mph speed, 1548PS, and Nürburgring’s “Fastest Four-Door” title.

A smartphone company has taken the bizarre leap into the sports car industry – releasing a motor that could be described as a budget Ferrari.

The SU7 Ultra was launched on 29 October for £88,000.

It is just the second-ever motor released by Xiaomi – which claims to have received over 3,600 pre-orders for the car 10 minutes after registration opened.

The SU7 Ultra can do nought to sixty in 1.98 seconds, as reported by Luxury Auto News.

Finished in an eye-catching yellow exterior, the vehicle resembles the iconic look of a Ferrari.

It is equipped with a tri-motor configuration and track-optimised battery pack, which gives it a hair-raising horsepower of 1548PS.

The vehicle is also fit for track racing, having become the first Chinese-branded car to claim the title of “The Nürburgring Nordschleife World’s Fastest Four-Door Car.”

Xiaomi joined the already-crowded electric vehicle industry in March.

Since then, the business states that it has delivered a whopping 20,000 monthly units – alleged statistics that would put it on par with established brands such as Tesla and BYD.

“As the high-performance flagship EV of Xiaomi, Xiaomi SU7 Ultra is designed for high-performance driving by combining exceptional performance with cutting-edge technology to deliver an extraordinary driving experience,” stated Xiaomi.

“It is perfect for both daily driving and hitting the track.