At Extreme Investor Network, we bring you the latest and most exclusive insights into the world of finance. Today, we delve into the exciting news surrounding Chinese smartphone company Xiaomi and its new electric vehicle.
Xiaomi’s electric vehicle, the SU7 sedan, has been making waves in the market by surpassing expectations and coming closer to break-even, all while undercutting Tesla’s Model 3 on price. With over 70,000 orders received for the SU7 sedan as of April 20, Xiaomi is on track to meet its full-year delivery target. CEO Lei Jun revealed that the company now aims to deliver 100,000 electric vehicles this year, showcasing the strong demand for their new offering.
The strategic pricing of the SU7 sedan, which is approximately $4,000 less than Tesla’s Model 3, has played a significant role in driving sales. As a result, analysts at Citi raised their forecast for Xiaomi’s autos segment gross profit margin to 6% this year, showing the positive impact of the company’s competitive pricing strategy.
Looking ahead, Citi analysts have also revised their earnings per share forecast for Xiaomi, projecting the shipment of 100,000 cars this year, 200,000 next year, and 280,000 in 2026. This growth trajectory highlights Xiaomi’s potential to become a major player in the electric vehicle market in the coming years.
While Xiaomi focuses on establishing a strong presence in the Chinese market for the next three years, CEO Lei Jun remains optimistic about the company’s global expansion plans. With a strong foundation of global influence and loyal fans worldwide, Xiaomi is poised to enter the international market when the time is right.
In addition to the success of the SU7 sedan, Xiaomi is gearing up to release its next electric vehicle, an SUV, in the second half of 2025. This strategic move aligns with Xiaomi’s long-term vision of becoming one of the top five automakers globally, showcasing the company’s commitment to innovation and growth.
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