Xiaomi to sell EVs globally 'within the next few years' after launching $73,000 premium car

The Xiaomi SU7 Ultra on display at the Xiaomi store in Hangzhou, Zhejiang Province, China, Feb 27, 2025. Xiaomi's first luxury model, the SU7 Ultra, will be officially launched on the evening of February 27. BARCELONA — Xiaomi plans to begin selling its electric vehicles outside of China "within the next few years," company President William Lu said on Sunday. Lu made the announcement at Xiaomi's product launch at the Mobile World Congress in Barcelona. While there were no concrete timelines, his comments underscore the Chinese technology giant's ambitions in the global EV market to take on players like Tesla . "I cannot share too many details but I am so excited to tell our global users that Xiaomi will be releasing EVs for the sale in global markets within the next few years," Lu said. This week, Xiaomi launched its first premium EV in China called the SU7 Ultra, which starts at 529,000 Chinese yuan ($72,627). Lu said the car racked up 15,000 orders in 24 hours and will be on dis ... Read full article.