US EditionXiaomi: Doing What Apple And Tesla Can't (OTCMKTS:XIACF)
CHINA, JUL 3 – Xiaomi has received over 289,000 pre-orders for the YU7 SUV within the first hour of launch and plans global sales by 2027 to compete with Tesla.
- In a recent statement, Xiaomi CEO Lei Jun revealed plans to expand its EV offerings globally around 2027, targeting Spain, Germany, and France despite tariffs and market hurdles.
- Following Xiaomi's YU7 launch, 289,000 pre-orders were made within one hour, surpassing SU7 sales and igniting a Chinese buying frenzy.
- The YU7 base model accelerates to 60 mph in 5.88 seconds, reaches 149 mph, has a 96.3 kWh battery with 519-mile range, and charges from 10% to 80% in 21 minutes.
- Despite tariffs from the EU, US, and Turkey, Xiaomi plans to establish an R&D center in Munich and test sales in Germany, Spain, and France around 2027.
- By around 2027, Xiaomi plans international EV rollout with a target of 10,000 stores outside China by 2029, as CEO Lei Jun revealed.
22 Articles
22 Articles
The Mercury news
siliconvalley.comHow Xiaomi succeeded where Apple failed
(Bloomberg) — Lei Jun, founder and chairman of Xiaomi Corp., the only tech company to have successfully diversified into carmaking, couldn’t resist. Speaking at a triumphant launch event in Beijing late last month for Xiaomi’s second electric vehicle, a long-anticipated SUV, Lei pointedly mentioned Apple Inc., which spent a decade and $10 billion trying to make a car before giving up last year. “Since Apple stopped developing its car, we’ve give…
Xiaomi recently landed in the electric cars sector and, if it is already a success in China, the rest of the world continues to expect the arrival of models to other countries. According to the executive director...
Chinese technology manufacturer Xiaomi is back in the spotlight due to its opinion on the safety of its YU7 electric car.
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