Xiaomi is reportedly already developing a Tesla Model Y competitor following the wildly successful launch of its recently release SU7 electric sedan.
Chinese electronics behemoth Xiaomi came out swinging when it launched its first EV, the SU7, just a month ago. Determined to keep that momentum, Xiaomi is already planning a successor that will directly take on the infamous Tesla Model Y. According to a new Bloomberg report, Xiaomi's next vehicle will be an SUV and could launch as early as 2025. This move would rapidly position the brand in greater competition with Tesla and other domestic rivals like BYD, Nio, and Xpeng.
It's not hard to show just how well received the SU7 was by the average consumer—I mean, Xiaomi received 50,000 orders in just the first 27 minutes of it going on sale, and 10,000 of those orders occurred in the first four minutes went the order system went live on Sunday, March 28th. By Friday, April 3rd, it had delivered 5,000 units. Deliveries continued throughout April, landing on an impressive 7,058 units by the end of the month.
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