Xiaomi's transition from smartphones to electric vehicles has proven remarkably successful with its SU7 model, selling over 200,000 units since March 2024. In its debut year, Xiaomi sold nearly 137,000 SU7s, surpassing initial projections and outpacing major U.S. automakers such as Ford and GM in EV sales. Notably, Ford sold only 999 units of its Mustang Mach-E in China, while GM’s performance was similarly constrained. This rapid growth in the EV market illustrates Xiaomi's competitive potential and shifting dynamics in the automotive industry.
Xiaomi's SU7 has become a bestseller in China, outperforming major U.S. automakers like Ford and GM in electric vehicle sales for 2024.
Originally aiming to sell 76,000 units, Xiaomi surpassed expectations by closing 2024 with 136,854 SU7s sold, marking an impressive debut in the EV market.
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