Join day by day information updates from CleanTechnica on electronic mail. Or comply with us on Google Information!
Xiaomi gross sales have been completely gorgeous in 2024, however the firm’s CEO, chairman, and founder needs to go far past this and make Xiaomi the fifth largest automaker on this planet! In its first 9 months, the corporate offered a surprising 130,000 electrical autos. Can it improve that many instances over? Solely time will inform.
Xiaomi’s entrance into the EV market has been one of many tales of the yr. The #2 smartphone vendor on this planet determined it may make electrical automobiles as properly — and in addition to anybody — and it appears it was proper. The Chinese language EV marker stormed onto the market and the newest information is that it has certainly reached its 2024 goal — 130,000 EV gross sales — in simply 9 months (the primary Xiaomi EVs have been delivered on the finish of March).
These are all its first mannequin, in fact, the SU7, which begins at RMB 215,900 ($29,600) regardless of wanting like a $100,000+ automotive. The mannequin was really unveiled on today one yr in the past, December 28. Who thought on the time that it might shoot out of the blocks like a rocket and obtain 130,000 gross sales by at the moment? Frankly, we didn’t even cowl the disclosing. So many new EVs and new EV firms have had bulletins lately. We don’t cowl and even catch all of them. Nevertheless, it’s evident now we must always have put a highlight on this one.
Xiaomi is already making large cash on its EV, and it seems like that is one firm that isn’t going to wrestle too onerous to make its EV division a worthwhile enterprise. Xiaomi founder, chairman, and CEO Lei Jun stated on the SU7 unveiling that he wished Xiaomi to be one of many world’s high 5 auto producers. A yr in the past, I may need thought that’s ridiculous. In the present day, properly, I can positively think about it taking place.
Initially, Xiaomi deliberate to promote 100,000 automobiles this yr. Given how far the corporate has blown that focus on out of the water, I believe we must always take any Xiaomi plans or forecasts fairly critically. Is there one other automaker on the planet extra primed for development than Xiaomi?
Xiaomi is now working to convey an SUV to market, the Xiaomi YU7. Given how standard SUVs are in at the moment’s market, I anticipate it to promote extraordinarily properly. May Xiaomi attain 1 / 4 of one million gross sales in 2025? That may be a ridiculous first full yr of gross sales, however it appears do-able.
Whereas the entire firm’s success has been in China to start out, the worldwide smartphone maker is already engaged on enlargement plans into Europe, if not elsewhere. China accounts for about half of the world’s electrical automotive gross sales, however Europe is the second largest EV market by far. In fact, Europe is dozens of firms, not only one, complicating issues. Nevertheless, general, if Xiaomi can get a foothold in Europe and achieve model appreciation, that would supply an enormous increase to the corporate’s big goal to change into a high 5 automaker globally. We’ll be monitoring the corporate carefully, in China in addition to Europe, and anyplace else it begins to promote its electrical automobiles.
Chip in a number of {dollars} a month to assist help impartial cleantech protection that helps to speed up the cleantech revolution!
Have a tip for CleanTechnica? Wish to promote? Wish to recommend a visitor for our CleanTech Speak podcast? Contact us right here.
Join our day by day e-newsletter for 15 new cleantech tales a day. Or join our weekly one if day by day is simply too frequent.
CleanTechnica makes use of affiliate hyperlinks. See our coverage right here.
CleanTechnica’s Remark Coverage