Xiaomi CEO Lei Jun said the company will consider exporting its electric vehicles starting in 2027, reaffirming a timeline previously suggested.
- Lei noted that strong demand at home—particularly for its SU7 sedan and newly launched YU7 SUV—requires Xiaomi to prioritise the Chinese market in the near term.
The SU7 has outperformed Tesla’s Model 3 in monthly sales since December
- the YU7 received surging orders within hours of its launch
- long wait times—now exceeding a year for some YU7 buyers—have led to growing customer frustration
- Lei acknowledged production concerns but offered little detail, saying only that Xiaomi would “strive to ramp up capacity.”
Info comes via a Reuters report.
This article was written by Eamonn Sheridan at www.forexlive.com.