Tesla Rival In China Xiaomi Plans Global Push After Strong Domestic Demand

Tesla Rival In China Xiaomi Plans Global Push After Strong Domestic Demand

Xiaomi plans to expand its electric vehicle sales beyond China within the next few years. Company President William Lu announced at the Mobile World Congress in Barcelona. Lu did not provide a specific timeline, but the move signals the Chinese tech giant’s ambitions to compete globally against companies like Tesla. Xiaomi recently launched its premium EV in China, securing 15,000 orders in 24 hours. The company delivered over 100,000 units last year, fueling a stock surge of nearly 300 in 12 months.


User: Benzinga

Views: 976

Uploaded: 2025-03-03

Duration: 00:39