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.
German Chancellor Friedrich Merz called on the European Union to resolve its tariff dispute with the United States swiftly to safeguard critical indus...
The United States has designated Emi Karlon as its new chargé d'affaires in the Republic of Azerbaijan, marking the commencement of her diplomatic mi...
The European Commission has proposed an amendment to the EU Climate Law aimed at reducing net greenhouse gas emissions 90% by 2040, compared with 1990...
A Russian attack on the city of Poltava in central Ukraine has resulted in two fatalities and damage to a military recruitment centre, according to th...
The European Union has raised Ukraine's electricity export capacity by 38.5%, enabling the country to generate additional revenue to repair energy inf...
German Chancellor Friedrich Merz called on the European Union to resolve its tariff dispute with the United States swiftly to safeguard critical industries such as cars, steel, and pharmaceuticals.
A Russian attack on the city of Poltava in central Ukraine has resulted in two fatalities and damage to a military recruitment centre, according to the Ukrainian military and regional officials.
The European Union has raised Ukraine's electricity export capacity by 38.5%, enabling the country to generate additional revenue to repair energy infrastructure damaged by Russian attacks.
Serbian police arrested 79 protesters late on Wednesday during a crackdown on street demonstrations calling for early elections and the end of President Aleksandar Vucic's 12-year rule and his Serbian Progressive Party.
The U.S. economy faces a 40% risk of recession in the second half of 2025, JP Morgan analysts said on Wednesday, citing rising tariffs and stagflation concerns.
A magnitude 5.5 earthquake struck off Japan’s Tokara Islands on Wednesday, with no tsunami warning issued but residents advised to remain vigilant.
The United States has rescinded licensing restrictions on ethane exports to China, allowing shipments to resume after a temporary halt and signalling progress in efforts to ease recent trade tensions.
The European Commission is set to propose allowing carbon credits from other countries to count towards the EU’s 2040 climate target, according to a leaked internal document.
China has ramped up efforts to protect communities impacted by flood control measures, introducing stronger compensation policies and direct aid from the central government.
The UK has expressed its support for Azerbaijan's efforts to seek justice in the case of Azerbaijanis killed and assaulted in Russia, offering condolences to the victims' families.
Armenia has expressed its intention to join the Shanghai Cooperation Organisation (SCO), Foreign Ministry spokesperson Ani Badalyan announced.
A bus operated by Kern Transit overturned on Tuesday morning, after hitting railway tracks alongside Sierra Highway in Lancaster, California, according to authorities. Approximately 20 people, including an eight-year-old boy, were reported injured in the accident, according to emergency services.
Presidents Ilham Aliyev and Shavkat Mirziyoyev jointly inaugurated the new embassy of Uzbekistan in Baku, marking a significant step in strengthening bilateral strategic partnership on 2 July.
The Türkiye-China Media Forum was held in Ankara on 2 July. Organised by the Communications Directorate of the Turkish Presidency, the event marked the fourth in a series of international media forums conducted within the framework of Türkiye’s Communications Model.
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