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.
Yemen warned the Houthis were seeking to replicate Iran's Strait of Hormuz strategy in the Red Sea, as U.S. President Donald Trump said there was a "g...
Ukrainian President Volodymyr Zelenskyy said he held a productive meeting with U.S. President Donald Trump at the White House on Tuesday, with talks f...
The diplomatic dispute over France's overseas territories is widening, with pro-independence leaders in the Caribbean and the Pacific rejecting claims...
U.S. President Donald Trump said on Monday that there is a good chance” of reaching a deal with Iran, but warned that Washington would resume military operation if negotiations fail.
The Russia-Ukraine war is increasingly reshaping the Caspian region. From threats to energy infrastructure to renewed diplomatic efforts, countries across the region are adapting to the wider consequences of a conflict that continues to disrupt trade, transport and security.
Yemen warned the Houthis were seeking to replicate Iran's Strait of Hormuz strategy in the Red Sea, as U.S. President Donald Trump said there was a "good chance" of a deal with Tehran but warned strikes could resume if talks failed.
A New York school district has put plans to introduce a humanoid robot into classrooms on hold after fierce criticism from teachers, Indigenous community members and state education officials over the use of artificial intelligence in schools.
U.S. President Donald Trump has thanked Morocco's King Mohammed VI after a video shared on his Truth Social platform presented the country's Tiznit-Dakhla expressway as the "President Donald J. Trump Highway."
Afghanistan and Uzbekistan signed 22 trade agreements worth more than $200 million during a business forum in Kabul on Sunday, as officials from both countries pledged to deepen economic cooperation and expand trade and investment.
Moscow should stop linking Russia-Armenia relations to Azerbaijan, Baku's Foreign Ministry spokesperson Aykhan Hajizada has said, after Russia again raised the Collective Security Treaty Organisation's role during the former Garabagh conflict.
President Donald Trump has dismissed Israeli Prime Minister Benjamin Netanyahu's opposition to a potential sale of F-35 fighter jets to Türkiye, saying U.S. arms sales are decided by Washington alone. He also praised Türkiye as "a tremendous ally" and President Recep Tayyip Erdoğan as "a friend".
Pakistani businesses are warning that growing difficulties in obtaining United Arab Emirates (UAE) visas are disrupting trade, delaying investment and limiting access to a key export market, despite both Islamabad and Abu Dhabi saying there is no official visa ban.
Armenian Prime Minister Nikol Pashinyan has urged Russian President Vladimir Putin to resolve a dispute over trade restrictions imposed by Moscow, Yerevan's government said on Monday.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment