Tag: Xiaomi

Xiaomi Surpasses 400,000 EV Deliveries in First Year of Sales
EV & Electric Cars, Industry & Business, News

Xiaomi Surpasses 400,000 EV Deliveries in First Year of Sales

Xiaomi's entry into the electric vehicle market has been a whirlwind success. Just one year after launching its first model, Xiaomi has delivered over 400,000 vehicles across China.Key TakeawaysXiaomi's SU7 sedan and YU7 SUV have driven sales past the 400k mark in just one year.The company delivered over 50,000 cars in December alone.New models for 2026 include two EREVs and updated versions of the SU7.On March 28, 2024, Xiaomi unveiled its first EV model, the sleek sedan SU7. By April, cars were rolling off production lines in China's bustling cities. The company followed up with a second model, the YU7 SUV, six months later to compete directly against Tesla's Model Y.By November 2025, Xiaomi had already delivered over 361,000 vehicles. Then came December when they announced an impressive...
EV & Electric Cars, Industry & Business, News

China’s EV Market Faces Price War in 2026 as Sales Slow Down

Beijing — As China’s electric vehicle (EV) market matures, the once-booming sector is now grappling with a slowdown and intensifying competition. With Tesla seeing its sales dip by 7.4% year-over-year and BYD experiencing an even sharper decline of 26.5% in November alone, analysts predict that price wars will become more common.Key TakeawaysSales declines for major players like Tesla and BYD signal a shift towards tougher competition in China's EV market.The domestic saturation is pushing Chinese automakers to expand internationally, with companies like Xiaomi entering the global stage.New entrants and existing competitors alike face challenges as they navigate regulatory changes and consumer preferences.And while BYD remains the leader in China's EV market, it's not immune to the economi...
Xiaomi EV Surpasses 40,000 Units for Third Consecutive Month
EV & Electric Cars, News

Xiaomi EV Surpasses 40,000 Units for Third Consecutive Month

Xiaomi EV has once again reported November deliveries exceeding the 40,000-unit mark, marking its third consecutive month of strong performance. This milestone follows a record-breaking October with 48,654 units delivered and September's first-ever surpassing of 40,000 units.Key TakeawaysXiaomi EV has achieved three consecutive months of over 40,000 unit deliveries.The company added 17 new stores in November and plans to open 36 more by the end of December.Xiaomi's first model, the SU7 sedan, was launched on March 28, 2024, positioning it as a direct competitor to Tesla's Model 3.Since its entry into the electric vehicle market in 2024, Xiaomi EV has rapidly expanded its retail footprint. In November alone, the company added 17 new stores across China, bringing their total number of locati...
Xiaomi YU7 Looks Like an Italian Supercar and Packs Some Punch
EV & Electric Cars, News

Xiaomi YU7 Looks Like an Italian Supercar and Packs Some Punch

Hey car enthusiasts! Are you ready to hear about the newest electric SUV that's turning heads? The Xiaomi YU7 is making waves in the automotive world with its stunning design, impressive range, and cutting-edge technology. You might think it’s an Italian supercar from a distance!The YU7 isn't just another run-of-the-mill EV; it offers up to 835 km on a single charge—a number that's sure to catch your eye! And its rapid charging capabilities are nothing short of astounding, taking you from 10% to 80% in just 12 minutes. Talk about convenience!But wait, there’s more! The YU7 boasts some serious performance stats too: it can go from zero to a hundred km/h in only 5.88 seconds thanks to its powerful dual-motor system. If you're into speed and tech, this one's for you.This electric beast isn't ...
Tesla’s Sales in China Drop to a Three-Year Low
Industry & Business, News

Tesla’s Sales in China Drop to a Three-Year Low

Tesla saw its sales in China fall to their lowest point in three years during October, raising significant concerns about potential full-year declines. The company sold only 26,006 vehicles last month compared to previous quarters, marking the smallest number of units since Q4 2022. This downturn comes amid intense competition from Chinese EV makers like NIO and Li Auto.According to industry experts, Tesla's market share in China dropped significantly—from 8.7% in September to just 3.2% in October. Michael Dunne, CEO of Dunne Insights, commented on the situation: "Tesla is getting surrounded by a swarm of Chinese automakers... each taking some sales from the company with a target on its back." As we reported earlier this year, Xiaomi's entry into the EV market has posed another challenge f...
Xiaomi Boosts 2025 EV Sales Target to 400,000 Units
EV & Electric Cars, Industry & Business, News

Xiaomi Boosts 2025 EV Sales Target to 400,000 Units

Xiaomi, a rapidly growing automaker in China, has raised its battery electric vehicle (BEV) sales target for the year 2025 from an initial estimate of 350,000 units to a new goal of 400,000 vehicles. The company is celebrating the production milestone of its 500,000th BEV unit just one year after launching vehicle manufacturing at its Beijing facility.The revised sales target reflects an impressive threefold increase over Xiaomi's delivery volume of 135,000 cars in 2024. This growth is largely attributed to the strong performance of the company’s SU7 sedan and YU7 SUV models. Despite this ambitious expansion plan, Xiaomi remains committed to prioritizing safety and quality as it ramps up production.Xiaomi's success has positioned it as a formidable competitor in China's EV market alongside...
Xiaomi’s Electric Car Arm Proves Profitable in Just Over a Year
EV & Electric Cars, Industry & Business, News

Xiaomi’s Electric Car Arm Proves Profitable in Just Over a Year

Xiaomi, a tech giant increasingly making waves in the automotive industry, has reported its first quarterly operating profit from its electric vehicle (EV) business. This milestone comes approximately nineteen months after the company unveiled its first electric sedan, the SU7. The profitability of Xiaomi’s EV division is a significant step forward for the brand, which continues to grow at an impressive pace within a highly competitive market. In Q3 2025, the business unit generated an operating profit (EBIT) of 700 million yuan ($85 million), showcasing strong growth from its revenue stream that amounted to 29 billion yuan. Breaking down these figures further reveals that electric vehicles alone accounted for a substantial portion of this income. In Q3, Xiaomi’s EVs contributed approximat...