- The Model 3 was as soon as the most well-liked EV in China
- Xiaomi’s SU7 surpassed Model 3 gross sales, regardless of solely being on sale for a yr
- The Chinese language firm constructed 70,000 SU7 EVs in the primary six months
In accordance with the newest gross sales figures, which cowl April 2024 to the tip of January 2025, Xiaomi offered extra SU7 fashions in China than Tesla offered Model 3s, beating the US automaker by round 10,000 vehicles.
Amazingly, this is the primary car the electronics producer has ever produced and it has solely taken round yr to cement its status as one of the most popular EVs on sale in its home market.
The place the Model 3 was one of probably the most fascinating electrical autos in China, latest numbers reveal that its gross sales are slipping, with the model promoting simply 8,009 vehicles in January of this yr, in comparison with Xiaomi, which offered 22,897 SU7 fashions, based on figures collated by Tesla supply estimates skilled Troy Teslike on X.
Tesla was the primary overseas automotive producer to wholly personal a manufacturing unit in China, with its rivals having to share earnings and expertise with home corporations beneath varied joint ventures and partnerships.
However now, evidently the view of Tesla as a luxurious overseas EV maker is waning and demand for Tesla’s vehicles in normal is cooling. Regardless of a revamped Model Y happening sale in China lately, its total gross sales in the nation dipped by 51.47% in January, based on Teslarati.
Whereas the Model 3 is quickly slipping down the Chinese language gross sales charts, the Model Y was the second best-selling automobile on the finish of final yr, solely marginally crushed by the a lot smaller BYD Seagull, based on Automobile Information China.
To compound Musk’s woes additional, Xiaomi is gearing up for full-scale manufacturing of its second EV – the YU7 SUV that may immediately problem Tesla’s Model Y, in addition to extra premium choices from Mercedes-Benz, BMW and Porsche.
With such a compelling providing and plans to increase into global markets, Xiaomi won’t simply have a “Tesla-killing” line-up, however one that would have the broader automotive trade nervous.
Xiaomi ‘going global’ will hit premium EV makers
Talking at Cellular World Congress in Barcelona this week, Xiaomi’s President William Lu advised CNBC the corporate might be releasing EVs for the global markets “throughout the next few years”.
The announcement was timed with the launch and unveil of the SU7 Extremely, a high-performance, 1,517hp model of its best-selling EV that requires a particular check to drive in China and has been breaking lap information on the Nurburgring.
Slated to value 529,000 Chinese language yuan (or round $72,627), it undercuts probably the most potent electrical mannequin from Porsche – the Taycan Turbo GT – by over $200,000, in addition to providing ranges of race-focussed Efficiency that Tesla’s Plaid badge might solely dream of.
The debut SUV from Xiaomi is due to enter manufacturing this summer season and, as with the SU7, buyer demand is already at fever pitch. The corporate’s share worth hit an all-time excessive in February when it launched extra particular particulars of its second mannequin.
It’s simple to see why, with a driving vary of 510 miles (123 greater than the 2025 Tesla Model Y), a staggering 691hp on faucet, smartphone-derived in-car expertise and the newest Lidar-based autonomous driving tech, it represents glorious worth for cash… and it’s not unhealthy trying, both.
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