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Chinese tech giant Xiaomi (OTCPK: XIACF) on Thursday revealed the official pricing of its first EV- the SU7 sedan. The car, touted to be a rival to Tesla Inc‘s Model S and the Porsche Taycan, is priced way lower than the two. What Happened: The vehicle will have a starting price of 215,900 yuan (about $28,872), Xiaomi CEO Lei Jun said at the launch event on Thursday. The pricier variants of the sedan, called Pro and Max, will start at 245,900 ($34,022) and 299,900 yuan ($41,494), respectively. The car was first unveiled in December, with Xiaomi aiming to become one of the world’s top five auto…

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