Tag: Xiaomi SU7

  • Xiaomi Reports Over $50 Billion in Revenue for 2024

    Xiaomi Reports Over $50 Billion in Revenue for 2024

    Key Takeaways

    1. Xiaomi’s first-generation vehicle, the SU7, is gaining popularity among women and Apple fans, helping to enhance its upscale brand image.

    2. The high-performance Ultra variant of the SU7 has received approximately 19,000 pre-orders, with 10,000 confirmed, expected to boost revenue significantly in 2025.

    3. The SU7 is projected to generate 32.8 billion yuan (about $4.54 billion) in revenue for 2024, with nearly half expected in the last quarter.

    4. Xiaomi’s smartphone sales grew notably in 2024, contributing 52.4% of total revenue, with shipments up by 15.7% compared to 2023.

    5. Xiaomi reported record quarterly earnings for 4Q2024, totaling 109 billion yuan (around $15.1 billion), a 48.8% increase from 4Q2023, surpassing market expectations.

    Xiaomi has shared insights from its recent financial report concerning its first-generation vehicle, the SU7. The company claims that this model is especially favored by women and Apple enthusiasts, which is helping to “reshape Xiaomi’s user demographic and improve its upscale brand image.”

    Anticipated Growth with the Ultra Variant

    The manufacturer also pointed out that the newly introduced, high-performance Ultra version has garnered around 19,000 pre-orders, with 10,000 already confirmed. This is expected to bolster the company’s position in 2025.

    Xiaomi now projects that initiatives like the SU7 will contribute to a revenue of 32.8 billion yuan (approximately $4.54 billion) in 2024, with nearly half of this revenue (16.7 billion yuan, or about $2.31 billion) earned in the last quarter of the year (4Q2024).

    Strong Performance in Smartphone Sales

    The more established segments of Xiaomi’s business, such as smartphones, also experienced “notable” growth in 2024, making up 52.4% (or 191.8 billion yuan, roughly $26.52 billion) of the total revenue for the year.

    The company reports that its shipments rose by 15.7% compared to 2023, positioning it as the leading contributor to the industry’s expansion. Xiaomi credits the 15 Ultra model for achieving over 50% higher sales within the first 15 days of its launch compared to the previous 14 Ultra.

    Record-Breaking Quarterly Earnings

    Xiaomi asserts that its earnings for 4Q2024 are the highest recorded in the company’s history, amounting to 109 billion yuan (around $15.1 billion), which is an increase of 48.8% compared to 4Q2023.

    The profits reportedly “surpassed market predictions,” totaling 8.3 billion yuan (about $1.1 billion), representing a year-on-year increase of 69.4%.

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  • Tesla Model S Plaid vs Xiaomi SU7 Ultra: Unexpected Drag Race Result

    Tesla Model S Plaid vs Xiaomi SU7 Ultra: Unexpected Drag Race Result

    Key Takeaways

    1. Xiaomi has entered the electric vehicle market and sells over 20,000 cars monthly.
    2. The Xiaomi SU7 Ultra outperformed the Tesla Model S Plaid in a drag race.
    3. The SU7 Ultra is priced at approximately $72,800, significantly cheaper than the Model S Plaid at around $112,000.
    4. The SU7 Ultra has a power output of 1,526 hp, surpassing the Model S Plaid’s 1,020 hp.
    5. The SU7 Ultra accelerates from 0 to 100 km/h in 1.98 seconds, making it the quickest mass-produced four-door sedan.

    Xiaomi has recently entered the electric vehicle market, yet it has already managed to sell over 20,000 cars each month. The excitement surrounding its automotive venture was highlighted when its vehicle outperformed one of Tesla’s top models in a recent performance test.

    Performance Comparison

    The Xiaomi SU7 was designed to rival the Tesla Model 3, but in an unexpected twist, the Ultra version of the SU7 outperformed the Model S Plaid in a drag race, all while being much more affordable. The SU7 Ultra is priced at approximately $72,800, whereas the Model S Plaid costs around $112,000 in China.

    Race Highlights

    In a brief video shared by Tesla Geek on YouTube, the SU7 initially appears to lag behind but quickly gains momentum, ultimately surpassing the pricier Tesla model.

    Specifications Breakdown

    To put things into perspective, the Tesla Model S Plaid boasts a powerful tri-motor AWD system that produces 1,020 hp, while the Xiaomi SU7 Ultra delivers a whopping 1,526 hp with a similar drivetrain setup. The Model S Plaid can accelerate from 0 to 60 mph in just 1.99 seconds, whereas the SU7 Ultra achieves a similar feat from 0 to 100 km/h in a mere 1.98 seconds. Xiaomi asserts that the SU7 Ultra is the quickest mass-produced four-door sedan, capable of hitting speeds of 350 km/h.

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  • This Chinese EV Could Challenge Tesla Model Y Dominance

    This Chinese EV Could Challenge Tesla Model Y Dominance

    Key Takeaways

    1. Tesla is facing increasing competition in China, particularly from Xiaomi’s electric vehicles.
    2. In January, Tesla sold 8,000 Model 3s, while Xiaomi’s SU7 outsold it with 22,000 units sold.
    3. The Xiaomi SU7 offers features like a larger battery, better driving range, and a lower price point than the Model 3.
    4. Demand for the Xiaomi SU7 is rising, indicated by a significantly longer wait time for delivery.
    5. Xiaomi plans to release the YU7 later this year, which may challenge the Tesla Model Y in sales.

    Competition in the electric vehicle (EV) market is intense worldwide, but Tesla is feeling particularly challenged in China. In January, the Model 3 was outperformed by the Xiaomi SU7, and the upcoming YU7 might follow suit by surpassing the Model Y.

    Sales Figures

    Reports indicate that Tesla China sold 8,000 Model 3 vehicles in January, while Xiaomi managed to deliver 22,000 SU7 units in its home market. The SU7 boasts several attractive features like a larger battery, superior driving range, a heads-up display, and even a mini refrigerator. Additionally, it comes at about $2,500 less than the Model 3.

    Future Prospects

    This trend looks poised to persist. A wait time that is ten times longer suggests that demand for the Chinese EV is growing. However, this could also work in Tesla’s favor, as some eager buyers might opt for the Model 3 instead.

    What’s uncertain is if the soon-to-be-released Xiaomi YU7 will surpass the Model Y in terms of sales. It’s noteworthy that Xiaomi is already employing Tesla’s ‘gigacasting’ technique to produce the SU7 and is also utilizing the ‘structural battery pack’ design. With the production insights they’ve accumulated and a list of competitive features, Xiaomi could be gearing up to release a serious contender to the Tesla Model Y.

    Upcoming Launch

    Xiaomi announced that the YU7 will begin its production later this year.

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  • Tesla Model Y vs Xiaomi SU7: Shockingly Different Crash Damage

    Tesla Model Y vs Xiaomi SU7: Shockingly Different Crash Damage

    Key Takeaways

    1. Tesla Model Y sustained minimal damage compared to the severely damaged Xiaomi SU7 after a collision in a tunnel in China.
    2. The crash occurred when the Xiaomi SU7 collided with the rear of the Model Y, but details about the cause and passenger conditions remain unclear.
    3. Tesla enthusiasts are highlighting the Model Y’s damage as evidence of its superior safety, but this perspective may be misleading.
    4. The Xiaomi SU7 features an armored frame and crumple zone to protect passengers by absorbing impact during a crash.
    5. Both vehicles are designed with safety mechanisms, and it is hoped that injuries were minimized in this incident.

    Some images of a collision involving a Tesla Model Y and a Xiaomi SU7 have begun to appear on social media, primarily shared by Tesla enthusiasts who are eager to highlight the minimal damage sustained by the Model Y compared to the severely damaged SU7. The incident took place in a tunnel in China, with three of the four images (as shown below) captured at the crash scene, while the fourth displays the Xiaomi SU7 later in the daylight.

    Details of the Crash

    It seems the SU7 collided with the rear of the Model Y, but the exact reason for the crash and the condition of those inside the vehicles remains unclear. The Tesla Model Y exhibits some impairment on the rear and back bumper, whereas the front of the Xiaomi SU7 is completely wrecked. Nonetheless, even though some Tesla supporters argue this demonstrates the superior safety of the Model Y and raises questions about the quality of the Xiaomi electric vehicle, this perspective is misleading.

    Understanding Vehicle Safety

    The Xiaomi SU7 is equipped with an armored frame designed to safeguard its passengers, and, similar to many vehicles, features a crumple zone at the front: this area is intended to absorb impact during a crash. This design allows the car to decelerate more gradually and lessens the force experienced by the occupants, thereby enhancing their protection. The Tesla Model Y has received high safety ratings from various organizations, so the level of damage observed in the rear in the photos is somewhat anticipated. It is hoped that the safety mechanisms in both electric cars were adequate to minimize injuries in this incident.

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    Tesla Model Y vs Xiaomi SU7: Shockingly Different Crash DamageTesla Model Y vs Xiaomi SU7: Shockingly Different Crash DamageTesla Model Y vs Xiaomi SU7: Shockingly Different Crash DamageTesla Model Y vs Xiaomi SU7: Shockingly Different Crash DamageTesla Model Y vs Xiaomi SU7: Shockingly Different Crash Damage
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  • Xiaomi SU7 Unveils Limited Edition Color for 15th Anniversary

    Xiaomi SU7 Unveils Limited Edition Color for 15th Anniversary

    Xiaomi will be commemorating its 15th anniversary this year, and to celebrate this significant event, the company has unveiled a new limited edition color for its inaugural electric vehicle, the Xiaomi SU7. Additionally, a special theme related to the Xiaomi SU7 has been made available for smartphones, which users can download for free from the Xiaomi theme store.

    Xiaomi SU7 Color Options

    When the Xiaomi SU7 was first introduced in 2023, it came in three distinct colors: Aqua Blue, Verdant Green, and Mineral Gray. In 2024, the company expanded the palette with six more options—Meteor Blue, Radiant Purple, Basalt Gray, Lava Orange, and Pearl White. Customers also have the choice of interior colors including Galaxy Gray, Twilight Red, Mist Purple, and Obsidian Black.

    New Anniversary Edition

    The new color introduced for the 15th anniversary is called Brilliant Magenta. Starting today, customers can select this new shade through the Xiaomi Auto App when they wish to purchase the Xiaomi SU7. According to ITHome, the new color is set to hit stores in February.

    Custom Mobile Theme

    As for the Xiaomi SU7 mobile theme, users who opt to download it will receive personalized wallpapers for both the lockscreen and homescreen, as well as icons that reflect the vehicle’s design. To acquire the theme, just search for Xiaomi SU7 in the Xiaomi theme store and initiate the download.

    The SU7 has proven to be a significant success for Xiaomi, especially as it marks the company’s entry into the EV market. The firm had set a sales goal of 100,000 units for 2024, and by mid-November, it had already met that target. By the end of December, reports indicated that around 130,000 orders had been completed.

    Upcoming SUV Release

    In early December 2024, Xiaomi announced that its second electric vehicle would be an SUV named the Xiaomi YU7. The official announcement for this new model is expected to take place in June or July 2025, as stated by Xiaomi’s CEO, Lei Jun.

    Source: Link

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  • Ford CEO loves his Xiaomi SU7 and doesn’t want to part with it

    Ford CEO loves his Xiaomi SU7 and doesn’t want to part with it

    In a surprising twist, CEO Jim Farley of Ford Motor Company recently disclosed on the Everything Electric Show podcast that he has been driving a Xiaomi SU7 for the past six months, rather than a Ford vehicle. This electric sedan comes from the Chinese tech powerhouse Xiaomi.

    Unexpected Choices

    Farley, who is typically focused on Ford’s electrification efforts, usually prefers not to talk about rival companies. However, his time spent with the SU7 led him to share his impressions. “We flew one from Shanghai to Chicago and I’ve been driving it for six months now, and I don’t want to give it up,” he commented during the podcast.

    Impressive Sales

    “It’s fantastic. They sell 10,000, 20,000 a month. They’re sold out for six months,” Farley mentioned, highlighting Xiaomi’s remarkable sales performance with the SU7 earlier in the discussion.

    Xiaomi’s Bold Move

    The SU7 marks Xiaomi’s first foray into the automotive world! The firm, primarily recognized for its success in smartphones and electronics, made its entry into the electric vehicle market back in 2021. The SU7, their initial model, launched this year, is a full-size sedan with a competitive price tag around $30,000. Despite being affordable, the vehicle is equipped with impressive features such as air suspension, adaptive dampers, and active aerodynamics—each enhancing the driving experience.

    Moreover, Xiaomi’s in-house Level 2 and NoA (navigate on autopilot) system provides added convenience, although its certification is presently limited to just 100 cities in China.

    Phenomenal Demand

    The SU7 has gained phenomenal popularity in China. Remarkably, the entire 2024 production was sold out on its first day, with Xiaomi asserting they pre-sold 100,000 units even before the first car left the factory.

    While testing rival cars is common in the car industry, Farley’s enthusiastic endorsement of the SU7 is significant, especially as he usually avoids discussing competitors. This may indicate a potential change in Ford’s approach as they adjust to the increasingly competitive EV landscape that is being shaped by assertive Chinese firms like BYD.

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  • Xiaomi SU7 Sales Hit 16,000 in September, Aiming for 20,000 in October

    Xiaomi SU7 Sales Hit 16,000 in September, Aiming for 20,000 in October

    Amid growing rivalry in the worldwide electric vehicle market, Xiaomi’s recent results are attracting notable interest. On October 1, the firm revealed that its sales for September exceeded 10,000 units, achieving this for four straight months. This achievement lays a strong groundwork for the company’s goal of delivering 20,000 units in October, as mentioned by Lei Jun, the founder of Xiaomi Group, during a live show on CCTV.

    Aspirational Goals

    Since its debut in April, the Xiaomi SU7 has established a position in the market, going head-to-head with Tesla’s Model 3 and Model Y. The SU7 is particularly appealing due to its lower price and advanced technology. Reports suggest that deliveries in September were between 15,000 and 16,000 units, showing an increase in consumer awareness and confidence in the Xiaomi brand.

    If the goal for October is achieved, the weekly delivery rate could hit 5,000 units, which puts pressure on the production lines. Yet, Xiaomi’s ability to adapt and strategize has turned potential issues into advantages.

    Production Improvements

    To boost production capacity, Xiaomi has introduced multiple enhancements in its factory setup and manufacturing techniques. From intelligent manufacturing to automated systems, the continuous technological improvements have greatly increased production efficiency. The integration of AI technologies has optimized every stage of the production process, ensuring consistent product quality while minimizing labor expenses.

    User Experience

    The SU7’s carefully designed interiors and cutting-edge multimedia and AI driving assistance systems provide excellent comfort for users. Reports from owners highlight outstanding performance in navigation and voice assistant capabilities. As Xiaomi moves forward in increasing production and broadening its retail footprint, the SU7 is well-positioned to enhance its competitiveness against established brands like Tesla. With a target of 20,000 units for October, Xiaomi is making notable progress in the electric vehicle sector.

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  • Explore Xiaomi SU7’s Large EV Factory Before Launch – Exclusive Peek

    Explore Xiaomi SU7’s Large EV Factory Before Launch – Exclusive Peek

    Excitement is building as the launch date of Xiaomi's SU7 electric car approaches, marking the company's entry into the electric vehicle market. Xiaomi CEO Lei Jun recently offered a sneak peek into the production hub for the SU7, generating anticipation for the vehicle's upcoming release.

    Anticipation Builds for the SU7 Launch

    The debut of Xiaomi's highly anticipated electric vehicle is less than 10 days away, with consumers eagerly awaiting the chance to explore the SU7. Beginning March 25th, select stores in 29 Chinese cities will showcase the car's exterior, allowing potential buyers to examine its design and size firsthand. Test drives will be available from March 28th onwards, coinciding with the official unveiling.

    Competitive Pricing and Specifications

    While Xiaomi has not disclosed official pricing details, local media reports have provided estimated price ranges between 250,000 RMB and 370,000 RMB (approximately $35,000 – $51,400 USD) for the SU7. This positions the vehicle as a strong competitor against Tesla's Model 3, offering a larger size. Rumors also suggest a potential top-tier variant, the "SU7 Max," priced above the benchmark set by the Huawei-backed Aito M5 SUV.

    Potential Impact on the Market

    With a price range comparable to Tesla's Model 3, the SU7 has the potential to make a significant impact in the Chinese electric car market. The larger size of the SU7 may appeal to buyers seeking more space, but the final pricing and detailed specifications will be key factors to monitor. Xiaomi's brand reputation and technological expertise could prove instrumental in the success of the SU7.

    In conclusion, the upcoming launch of the Xiaomi SU7 signifies a new chapter in the competitive landscape of Chinese electric vehicles, promising an intriguing development in the market.

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  • Xiaomi Reveals March 28 Debut of SU7 Electric Vehicle

    Xiaomi Reveals March 28 Debut of SU7 Electric Vehicle

    Xiaomi introduced its inaugural electric vehicle, the SU7, in December of last year. While the company initially showcased the car’s characteristics and specifications, it has not yet initiated sales or disclosed pricing information. However, it appears that the wait for this information won’t be prolonged.

    Xiaomi SU7 Launch Announcement

    Today, Xiaomi has officially declared that it will unveil the Xiaomi SU7 in China on March 28. This announcement was made via a Weibo post, where it was also mentioned that interested individuals will have the opportunity to experience the Xiaomi SU7 starting from March 25.

    Vehicle Reservations

    Reservations for the SU7 have already begun in China, with 59 outlets spread across 29 cities in China participating in the reservation process.

    Xiaomi SU7 Features and Variants

    The Xiaomi SU7 belongs to the C-segment coupe category, featuring a sleek design and is available in two versions – a regular model and a Max variant.

    The Max variant, true to its name, offers a plethora of top-tier features typical of a contemporary EV. It boasts a dual-motor all-wheel-drive system enabling acceleration from 0-100 km/h in just 2.78 seconds, with a remarkable top speed of 265 km/h.

    On the other hand, the standard version is equally appealing, featuring a single-motor rear-wheel drive setup with a 0-100 km/h time of 5.28 seconds.

    Interior and Technology

    The interior of the Xiaomi SU7 showcases a "Smart Cockpit" equipped with a five-screen system, driven by a Snapdragon 8295 chip. The vehicle also incorporates a 16.1-inch 3K resolution main screen supporting CarPlay and AirPlay.

    The cabin is adorned with sporty Nappa leather seats, ambient lighting, and a spacious 5.35 square meter glass roof. The audio system is top-notch, featuring a 25-speaker setup with Dolby Atmos support.

    Furthermore, the car seamlessly integrates with Xiaomi Home IoT devices, courtesy of HperOS support. For an in-depth look at the Xiaomi SU7 EV, click on the dedicated article link below:

    Xiaomi Reveals March 28 Debut of SU7 Electric Vehicle
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  • Xiaomi to Reportedly Unveil SU7 Electric Vehicle Soon

    Xiaomi to Reportedly Unveil SU7 Electric Vehicle Soon

    Xiaomi is set to unveil its much-anticipated SU7 electric vehicle (EV) later this month, as per a report from arenaev.com on March 6th, citing industry sources. This launch aligns with the previously mentioned Q2 delivery schedule for the vehicle, as confirmed by Xiaomi President Lu Weibing.

    Xiaomi's Expansion Plans

    According to the report, Xiaomi has initiated the construction of specialized 2S stores across China dedicated to the sales and service of their EVs. Approximately 60-70 of these stores are expected to be established initially in key Tier 1 and Tier 2 cities. This move indicates that the official pricing for the SU7 may be disclosed soon.

    Details of the SU7 EV

    The Xiaomi SU7, set to be delivered from Q2 2024 onwards, was first introduced globally at the Mobile World Congress in Barcelona. Targeting the mid to high-end market segment, the EV is projected to be priced between 250,000-370,000 Yuan ($35,176 – $52,061). Xiaomi aims to tap into its existing base of 20 million premium smartphone users in China to drive initial sales, with production expected to reach 10,000 units per month by July.

    It's worth mentioning that while a Zeekr executive hinted at a possible launch date of March 28th last month, Xiaomi has not officially confirmed this detail. Additionally, recent leaks have revealed new color options for the SU7.

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