In a major announcement for the automotive industry, Xiaomi CEO Lei Jun has revealed the international launch timeline for the company’s highly anticipated SU7 electric car. During a live broadcast, Lei Jun announced that the SU7 will enter the European market by 2030, marking a significant step in Xiaomi’s global expansion strategy.
People recently spotted the SU7 electric car, which has already garnered significant attention in China, on the streets of Paris, sparking speculation about its potential entry into the European market. This appearance coincided with Xiaomi’s special exhibition titled “People, Cars, and Homes Full Ecology,” held during the Paris Olympics.
Global Ambitions
Lei Jun emphasized the company’s ambitious goals, stating, “Our goal is to rank among the top five car makers globally.” This announcement aligns with Xiaomi’s broader vision of becoming a major player in the global automotive industry. The CEO also highlighted that more than 50% of Xiaomi’s revenue in the first quarter of 2024 came from overseas markets, with smartphone sales comprising over 70% of this income.
We expect the introduction of the SU7 electric car to revolutionize the automotive market with its advanced features and cutting-edge technology. The car’s international debut earlier this year at the Mobile World Congress (MWC) 2024 in Barcelona, Spain, further demonstrated Xiaomi’s commitment to innovation and excellence.
Although Xiaomi hasn’t officially sold the SU7 overseas yet, gray market channels have capitalized on the high demand, allowing dealers to make substantial profits. This indicates a strong global interest in Xiaomi’s electric vehicle offerings.
Conclusion
In conclusion, the announcement of the SU7’s international launch by 2030 represents a significant milestone for Xiaomi. As the company continues to innovate and expand its global footprint, the SU7 electric car is poised to play a crucial role in shaping the future of the automotive industry.
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