Xiaomi’s car will go down in history as one of the best decisions made by Lei Jun, CEO of the company. When the commitment to the electric car was at its peak and giants like Apple backed away, Xiaomi decided to move forward and create an entirely new model from scratch. The Xiaomi SU7 is the result, and in just a few months it has become the industry benchmark.
Now Lei Jun has confirmed that The 100,000th unit of the Xiaomi SU7 has already been deliveredahead of schedule. Originally, Xiaomi’s ambitious plan was to deliver this number of cars in 2024, but it managed to move forward by almost a month and a half. This is why Lei Jun has now set a goal of delivering 130,000 units by the end of the year; To achieve this, it accelerated production to reduce the waiting time between each unit.
The fact that Xiaomi is producing so many units of the SU7 is great news for Europe, although it may not seem like it. And from day one, Lei Jun declared that his top priority was meet demand in Chinabefore thinking about expanding to the rest of the world; and as this wish becomes reality, the chances of the SU7 being released globally increase.
Remember that the Xiaomi car has already arrived in Europe, but for the moment only as promotional material for different events and announcements. However, the fact that the company is already familiarizing the Spanish public with the vehicle indicates that it is likely considering importing it; which will not be easy, especially with the controversy over taxes on Chinese-made cars.
All in all, Lei Jun’s electric car bet turned out to be the right one, and he has the data to prove it. Xiaomi has released its financial data for the third quarter of 2024, and they are so good that they managed to beat all estimates, with turnover up 31%
And this is just the beginning. Xiaomi is already expanding its first electric car factory in Beijing, and due to the number of initial reservations, it chose to invest 842 million yuan in expanding a new factory. In this way, it is planned not only to manufacture the Xiaomi SU7 and its versions, such as the Xiaomi SU7 Ultra, but also to extend it to other types of vehicles, such as Xiaomi’s first electric SUV already in testing.
