Tech company Xiaomi says it will consider selling its electric vehicles (EV) outside China starting in 2027, CEO Lei Jun said, citing strong local demand for its SU7 sedan and newly launched YU7 SUV.
Speaking during a livestream on Wednesday, Lei Jun said the company must prioritise domestic orders before looking abroad.
“We’ll strive to ramp up capacity,” he added, without detailing plans to address long waiting times.
Xiaomi’s SU7 electric sedan has outsold Tesla’s Model 3 in China on a monthly basis since December, while the YU7 SUV attracted strong interest, receiving a surge of orders within 18 hours of its launch on 27 June. Customers have since been told they may wait more than a year for delivery, prompting complaints on social media.
The firm had previously identified 2027 as a potential starting point for international EV shipments but had not confirmed its intention until now.
Xiaomi, known primarily for smartphones, is among a growing number of Chinese tech companies entering the electric vehicle market. The company’s early sales success reflects growing domestic appetite for homegrown EV brands and pressure on global rivals like Tesla.
Shares in Xiaomi have surged to a record high following the YU7’s debut. However, concerns over production capacity and fulfilment timelines remain, as the company works to establish itself as a serious automotive contender.
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The California Coastal Commission on Thursday voted against a proposal by Elon Musk’s SpaceX to almost double its permitted annual Falcon 9 rocket launches from Vandenberg Space Force Base, raising the limit from 50 to 95.
U.S. President Donald Trump said he would not negotiate on Ukraine’s behalf during his meeting with Russian President Vladimir Putin on Friday, stressing that Kyiv must decide whether to pursue any territorial swaps with Moscow.
Donald Trump travelled to Alaska on Friday for what he described as a “high-stakes” summit with Russian president Vladimir Putin, aimed at securing a ceasefire in Ukraine and ending the deadliest conflict in Europe since the Second World War.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
A resumption of Iraq’s Kurdish oil exports is not expected in the near term, sources familiar with the matter said on Friday, despite an announcement by Iraq’s federal government a day earlier stating that shipments would resume immediately.
A magnitude 5.2 earthquake struck 56 kilometres east of Gorgan in northern Iran early Sunday morning, according to preliminary seismic data.
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From factories to battery plants, Türkiye’s robotics surge is boosting output, quality, and global recognition.
Applied Materials warned of declining visibility and heightened uncertainty for the semiconductor sector, as U.S. export restrictions and shifting trade policies weigh on Chinese demand.
China’s factory output and retail sales growth slowed sharply in July, adding pressure on Beijing to deploy further stimulus as the $19 trillion economy faces weakening domestic demand and external shocks.
Armenian Prime Minister Nikol Pashinyan defended the U.S.-brokered peace accord, saying it's “not a zero-sum game” and a step toward regional cooperation benefiting all, including Russia and Iran.
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