Xiaomi Electric Vehicle Business Expansion
Sector: Electric Vehicles (EVs) • Location: Shanghai, China
Source: Sherwood News
Xiaomi founded its electric vehicle business, Xiaomi Auto, in September 2021 in response to US trade sanctions threatening its phone business. Within less than four years, Xiaomi aims to deliver 350,000 electric vehicles like its SU7 model in the fiscal year 2025, a milestone achieved much faster than competitors Tesla and BYD. The company is expanding its smart EVs, AI, and new initiatives segmen
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Original status | under construction |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
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Description
Description | Xiaomi founded its electric vehicle business, Xiaomi Auto, in September 2021 in response to US trade sanctions threatening its phone business. Within less than four years, Xiaomi aims to deliver 350,000 electric vehicles like its SU7 model in the fiscal year 2025, a milestone achieved much faster than competitors Tesla and BYD. The company is expanding its smart EVs, AI, and new initiatives segment, generating $3 billion in revenue and targeting expansion into Europe by 2027. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
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Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
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Data quality score | 100% |
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URL | obfuscated_data,obfuscateddata.com |
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