By “Xiaomi, widely known for its smartphones, is venturing beyond its traditional market by entering the electric vehicle (EV) manufacturing sector. Beyond the realm of smartphones, Xiaomi su7 has embarked on the production of electric vehicles, unveiling a new car that has already been manufactured and showcased. Notably, Xiaomi has set an ambitious target for the next decade, aiming to secure a position among the top five electric car manufacturers globally within ten years.
While Xiaomi has long been associated with its budget-friendly and feature-rich smartphones under the Redmi brand, the company is now diversifying its portfolio into electric vehicles. Xiaomi’s commitment to this new venture is evident in its target to become one of the world’s leading electric car manufacturers within the next decade. Despite being primarily recognized as a smartphone brand, Xiaomi’s foray into electric vehicles is exemplified by its latest creation, the Xiaomi Su7 Sedan.
Setting the Stage for Xiaomi’s Electric Vehicle Ambitions
Unveiled last week, the Xiami Su7 Sedan showcases Xiaomi’s entry into the electric vehicle market. The sedan not only features a sleek design but also promises enhanced connectivity with the operating systems of Xiaomi smartphones. Xiaomi’s entry into the competitive electric vehicle market, particularly in China, has sparked a price war among companies. Xiaomi’s CEO, Lee Jun, expressed the company’s vision of achieving a top-five position among global electric vehicle manufacturers within the next ten years. He likened the Su7 Sedan to dream cars from renowned brands like Porsche and Tesla, emphasizing their commitment to this ambitious goal.
Speaking at the launch event in Beijing, Lee Jun outlined Xiaomi’s long-term vision, stating their dedication to becoming one of the world’s top five automakers within the next 15 to 20 years. The company envisions not only achieving its own success but also contributing to the overall growth of the automobile industry in China. This initiative took root in 2021, with Xiaomi committing to invest $10 billion over the next decade to support its electric vehicle endeavors. While specific launch details were not provided, the Su7 Sedan is now available in the Chinese electric vehicle market.”
