It's on slick tyres and with a fully stripped out interior and carbon fibre body, that's easily worth 40+ seconds of lap time at the Nurburgring Nordschleife. But it also did the lap when some parts of the track were damp, which would've slowed it down through those sections a little. I imagine the road legal version might crack under 7:10 in perfect conditions. My guess is that Xiaomi is aiming to break one, or both, of the electric production car records, at 7:07 for the four door Porsche Taycan, and 7:05 for the Rimac Nevera. This race car prototype also understeers heavily, so there's time to find in the handling and setup. But the time to be found there is limited by the fact that it's an electric car with heavy batteries, so understeer through the low speed is always going to exist at some point.

Still very impressive to essentially be at GT3 race car pace with an electric prototype based on a production car.