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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Leaning Left1Leaning Right1Center2Last UpdatedBias Distribution50% Center
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