Huawei

Huawei's Richard Yu hinted that Xiaomi's EVs are not as good as the cars from brands backed by Huawei, but they're getting high sales.

The Maextro S800 joins the Nio ET9 and Yangwang U7 as the latest challenger to Mercedes-Maybach in China's luxury sedan market.

This comes 18 months after the launch of Luxeed's first model, the Luxeed S7 sedan.

The Aito M8 was launched on April 16 with a starting price of RMB 359,800 ($49,880).

The Maextro S800 is expected to be priced between RMB 1 million ($138,650) and RMB 1.5 million, Huawei said previously.

The Maextro S800 is expected to be launched in May, targeting the luxury sedan market in the RMB 1 million ($137,070) class.

Huawei has rolled out a supercharger with a peak charging power of 1.5 MW, as the charging power race continues in China's EV industry.

Shangjie has an initial investment of RMB 6 billion ($820 million) and a dedicated team of more than 5,000 people.

The Aito M8 secured more than 20,000 orders in the first hour after its launch.

Huawei and SAIC's first joint model could be unveiled officially as soon as mid-year and hit the market within this year, according to local media.