Xiaomi Hits EV Milestone With 27K SU7 Sales In Q2, Sets Sights On 120K Deliveries Next Year

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Xiaomi Hits EV Milestone With 27K SU7 Sales In Q2, Sets Sights On 120K Deliveries Next Year - Benzinga

Quick Summary:

What Happened: Xiaomi launched its first EV — the SU7 sedan — in late March and started delivering the vehicles in April, making Q2 its first quarter as an EV seller.

China’s latest EV entrant Xiaomi (OTC:XIACF) said on Wednesday that it delivered over 27,000 electric vehicles in the three months through June in China.

Total SU7 deliveries totaled 27,307 units in the quarter, only marginally lower than Chinese EV startup XPeng which delivered 30,207 EVs in the period.