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After finding success with SU7 at home, Xiaomi looks overseas for growth

  • Xiaomi launched its SU7 Ultra electric vehicle in China on February 27, starting at 529,000 Chinese yuan and received over 15,000 orders within 24 hours, according to President Lu Weibing.
  • Xiaomi plans to sell its electric vehicles globally starting in 2027, focusing on markets like Europe after analyzing consumer demand, according to Lu.
  • Xiaomi's SU7 has sold over 100,000 units and contributed to a nearly 300% surge in the company's stock over the past year, highlighting its success in the electric vehicle market.
  • Lu expressed excitement about venturing into overseas markets, stating that Xiaomi will be releasing EVs for sale in global markets within the next few years.
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softwareunplugged.com broke the news in on Friday, February 28, 2025.
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