Xiaomi Targets 130,000 Sales in First 10 Months, Announces SUV — YU7

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There are a number of very thrilling electrical car startups in China. Naturally, BYD is king of the hill and can stay there for a very long time, however a number of others are doing exceptionally effectively if we examine them to automakers elsewhere. However Xiaomi is admittedly totally different. Because the second-largest smartphone producer on this planet, Xiaomi has quickly shot up the EV gross sales charts. It’s just like what many people assumed would occur when Apple was engaged on a automotive (a really long-term challenge that appears to lastly be utterly over).

You may learn background on Xiaomi’s stunning rise here. (I like to recommend it.) However we’ve bought some updates now, too. To begin with, the corporate not too long ago raised its 2024 gross sales goal for the third time … after launching into EV gross sales in March. Xiaomi plans to promote 130,000 autos this 12 months. 130,000 autos in its first 12 months in the marketplace, or simply first 10 months even. That’s gorgeous.

Secondly, the corporate has introduced its subsequent mannequin, the YU7. The YU7 might be Xiaomi’s first SUV. Its first (solely present) mannequin is the SU7, and the 2 fashions rhyme in terms of model as effectively. The YU7 is predicted to hit the market in June or July 2025. The SU7 is available in at a beginning value under $30,000. Presumably, the YU7 will even be a semi-affordable EV for the lots, only a bit bigger and just a little bit dearer.