In December 2024, Xiaomi's SU7 sedan emerged as a strong competitor to Tesla's Model 3 in China, selling 25,815 units compared to Tesla's 21,046. The SU7's rapid success compelled Xiaomi to enhance its production capabilities multiple times during the year. Notably, both vehicles ranked as the fourth and fifth best-selling electric cars in China for that month, behind the more affordable BYD Seagull. Xiaomi is also planning to introduce the YU7 SUV, which will further challenge Tesla's dominance in the EV market.
Xiaomi sold 25,815 SU7 units in December, surpassing Tesla's 21,046 Model 3 sales, marking a significant competition shift in the Chinese electric vehicle market.
The SU7 was an immediate hit in China, prompting Xiaomi to adjust its production lines twice in 2024 to keep up with rising demand.
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