Xiaomi SU7: The electric car with rapid growth

Xiaomi is no longer just a smartphone manufacturer - the company has also quickly established itself as an electric car manufacturer. serious competitor in the electric car market. market. According to a forecast by Goldman Sachs Xiaomi is expected to reach sell 655,000 electric vehicles by 2026 - a growth rate that even Tesla could not achieve in its early years.

Xiaomi's impressive rise in the EV market

Xiaomi launched its first electric vehicle, the SU7in the April 2024 on the market. The sales figures are impressive:

  • By November 2024 have already been 100,000 units produced and delivered.
  • 2025 are to be 350,000 vehicles are expected.
  • 2026 Xiaomi is expected to sell 655,000 cars - and thus exceed the mark of Tesla in 2020 in 2020.

For comparison: Tesla took nine yearsto sell 100,000 vehicles in one year. Of course, this comparison is not entirely fair, as Tesla as a pioneer of electromobility had to create a market first - while Xiaomi can fall back on an already established infrastructure.

New models & expansion plans

Goldman Sachs considers Xiaomi's strategy to be clever:

✅ Entry with the SU7 as the first model to conquer the market.
✅ Expansion of the portfolio with new models such as the SU7 Ultra and the YU7 SUV (planned for mid-2025).
✅ New factory in Beijingto meet rising demand and scale up production.

With these measures, Xiaomi aims to compete not only in China, but also on a global level with manufacturers such as Tesla, BYD and NIO compete.

Tesla comes under pressure - competition from China is growing

While Xiaomi is booming Tesla faces challenges:

📉 Decline in production figures: 2024 produced Tesla 1.77 million vehicles, 4 % less than in 2023.
📉 Declining deliveriesWith 1.79 million units delivered is Tesla 1 % below the previous year.
📉 Growing competition: In addition to BYD, the Xiaomi is also rapidly gaining market share in China.

Another uncertainty factor for Tesla is the new US government under Donald Trump. Experts expect that Trump will could cut incentives for electric vehicleswhich would have a negative impact on Tesla's sales in the USA.

Conclusion: Xiaomi is growing rapidly - Tesla faces challenges

Within a very short time, Xiaomi has established itself as a real competition for Tesla established. With a clear expansion plan, new models and increasing production capacities the company could soon a key role in the global EV market market.

Whether Tesla can withstand this pressure or will have to reposition itself remains to be seen. 2025 could be a decisive year for the electric car market.

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