Xiaomi's CEO said on Monday that his goal for the company's first electric car is to be "the best-looking, easiest-to-drive and smartest car" at a price of less than 500,000 yuan ($69,424) On Thursday evening, the company will announce its official price range and begin receiving purchase orders for the car, which is called “SU7” The car will come in two versions, one with a driving range of 668 kilometers on a single charge and the other with a range of up to 800 kilometers, while the range of Tesla’s Model S reaches 650 kilometers.