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Oil and Beyond: China's Expanding Global Footprint
- Xiaomi launched its first electric vehicle models last month, selling over 300,000 cars in just three days amid strong domestic demand.
- This rapid sales surge results from Xiaomi's strategic $10 billion investment since 2021 to enter the EV sector and growing consumer appetite for integrated digital vehicles.
- The Xiaomi YU7 SUV alone received 289,000 pre-orders within one hour, effectively selling out production capacity until early 2027 due to limited manufacturing scale.
- Lei Jun described the launch as "a miracle in China's automotive industry," while analysts note Xiaomi's aggressive pricing and tech integration will challenge Tesla's shrinking market dominance.
- Xiaomi plans to begin exporting EVs internationally by 2027, signaling intensified competition in the global electric vehicle market and China's broader push for economic diversification abroad.
15 Articles
15 Articles
Oil and Beyond: China's Expanding Global Footprint
When Chinese Xiaomi launched its first EV models last month, it sold more than 300,000 cars in a matter of three days. The electronics giant is eyeing international shipments in two years. Sinopec, meanwhile, is drilling for oil in Kazakhstan. The two are part of a growing trend: China is going global. There’s just not enough growth potential at home. This is what credit ratings major Moody’s said in a new report this week, noting that it expect…
Xiaomi to consider selling cars outside China from 2027 after YU7 SUV racks up record sales
BEIJING: China’s Xiaomi CEO Lei Jun said the company will only consider selling its electric vehicles (EVs) outside China from 2027. He made the comment during a livestream on Wednesday, adding that Xiaomi needs to focus on meeting strong local demand for its SU7 sedan and YU7 SUV, Reuters reported. Xiaomi’s recent launch of the […] The post Xiaomi to consider selling cars outside China from 2027 after YU7 SUV racks up record sales appeared firs…
Xiaomi EV Ramps Up Hiring for Phase 2 Factory as YU7 SUV Orders Surge Past 240,000
Xiaomi is accelerating preparations at its Phase 2 electric vehicle (EV) factory in Beijing with a large-scale hiring campaign, as soaring demand for its newly launched YU7 electric SUV pushes production capacity to its limits, Chinese media reported. The company is recruiting general workers, operators, and truck drivers for the Phase 2 plant, with applicants [...] The post Xiaomi EV Ramps Up Hiring for Phase 2 Factory as YU7 SUV Orders Surge P…
Xiaomi Cars Will Enter Global Market From 2027
Xiaomi recently launched its first SUV, the YU7, following the success of its SU7 sedan. However, one question that remains on many people’s minds is: when will the car be available for sale outside of China? Well, according to CEO of the company, Lei Jun, the cars will only be available globally from the year 2027. The reason behind it is because, at the moment, the company is focused on fulfilling the domestic orders of the cars. He also added…
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- 33% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
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