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Xiaomi became the eighth largest EV upstart in China after the successful SU7 launch

Tech NewsXiaomi became the eighth largest EV upstart in China after the successful SU7 launch
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kathmandu | Xiaomi, the Chinese smartphone maker, has risen to become the eighth-largest player in China’s electric vehicle (EV) sector following the successful sale of more than 7,000 units of its debut model, the SU7 sedan, in April, according to industry reports from Nepal Online Patrika.

Xiaomi’s entry into China’s competitive EV market is expected to further disrupt the world’s largest automotive market, which has been characterized by intense competition and pricing pressures amid weakening demand.

Recognized for its popular smartphones and home appliances, Xiaomi joins other emerging automakers like Nio and Xpeng, placing a strong focus on electric vehicle production.

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The SU7 sedan’s April sales milestone marked Xiaomi’s first full month of sales since its launch in late March. The company aims to deliver over 100,000 units this year, targeting an average monthly sales volume of 11,618 units for the remainder of the year.

Xiaomi’s climb to the eighth position displaced the Avatr EV brand from state-owned Chongqing Changan Automobile, based on a Nepal Online Patrika analysis of monthly sales data from ByteDance’s car information platform, Dongchedi.

China’s EV market is experiencing an influx of new players, including pure EV manufacturers like Nio and Xpeng, alongside EV sub-brands from established automakers such as GAC’s Aion and Geely’s Zeekr.

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Furthermore, the Huawei-backed Harmony Intelligent Mobility Alliance (HIMA) has made significant progress, with brands like Aito and Luxeed recording a combined EV sales total of 20,819 units in April.

Analysts are optimistic about Xiaomi’s future, forecasting sales of 240,000 units in 2025 and 348,000 units in 2026.

Despite fierce competition, Xiaomi’s SU7, priced more affordably compared to Tesla’s Model 3 in China, underscores its competitive advantage in the market.

As EV manufacturers navigate China’s competitive landscape, many are exploring opportunities in overseas markets as domestic sales face challenges. China’s passenger vehicle exports surged to a record high in April, while domestic sales contracted by 5.8% year-on-year, according to the China Passenger Car Association.

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