Xiaomi Electric Car Sales Are Expected To Explode In The Next Few Years

Xiaomi Founder and CEO Lei Jun tested the latest electric car Xiaomi in snowy weather. (Doc. X/@leijun)

JAKARTA - A technology manufacturer from China, Xiaomi, has earned success with its first model, the SU7 electric sedan, where sales reached a total of 135,000 units throughout 2024.

Quoting from the CNevpost page, Friday, January 17, sales of the brand are expected to increase every year, based on information from Goldman Sachs, including in terms of the prospect of production capacity.

The analyst team Timothy Zhao raised their EV sales forecast for Xiaomi to 350,000 units by 2025 from the previous 290,000 units, or up 21 percent from previous estimates with research records sent to investors.

The company also increased the estimated sales of Xiaomi electric vehicles by 2026, from 480,000 units to 655,000 units, 48 percent higher than the current consensus.

The analyst team believes that Xiaomi's strategy, with product lines starting with SU7 and moving into potentially larger markets, will result in long-term growth and profitability.

As is known, Xiaomi currently has one model, namely SU7 which is present in three variants, where for the standard version it is priced at 215,900 yuan or around Rp476 million, while for the Pro variant it is at 245,900 yuan or Rp542 million, and finally for Max it touched a figure of 299,900 yuan ranging from Rp661 million.

This brand from China will also launch another electric car model, namely the YU7 SUV which has a length of 4,999 mm, a width of 1,996 mm, and a height of 1,600 mm, with a wheelbase of 3,000 mm. In design, this one car is similar to the Ferrari Purosangue.

Xiaomi CEO Lei Jun confirmed that the latest model will officially launch to the public in mid-2025, or between June and July. The presence of this new model can also be a power for Xiaomi car sales.