Xiaomi Hits EV Milestone With 27K SU7 Sales In Q2, Sets Sights On 120K Deliveries In 2024
Portfolio Pulse from Anan Ashraf
Xiaomi, a new entrant in the EV market, delivered over 27,000 SU7 sedans in Q2, generating $0.87 billion in revenue. The company aims to deliver 120,000 vehicles next year, with strong initial demand. The SU7 is priced competitively against Tesla's Model 3 in China.
August 21, 2024 | 1:06 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Xiaomi delivered over 27,000 SU7 sedans in Q2, marking its entry into the EV market. The company generated $0.87 billion in revenue and aims for 120,000 deliveries next year, indicating strong growth potential.
Xiaomi's successful entry into the EV market with significant deliveries and revenue indicates strong growth potential. The competitive pricing against Tesla's Model 3 and high initial demand further support a positive outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100