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Xiaomi's President Lu Weibing said on the call that double-shift production will start from next month to ensure monthly deliveries exceed 10,000 units. Lu said that demand for the SU7 has been strong, with cumulative locked-in orders reaching 88,063 vehicles as of the end of last month.
Visitors look at a Mercedes-Benz at the 2024 Beijing International Automotive Exhibition in April.
Launch of its first electric vehicle model has generated huge interest, controversy.
(Bloomberg) -- Xiaomi Corp. aims to deliver 120,000 of its SU7 electric-vehicles this year, hiking its target for a car it hopes can someday compete with Tesla Inc. and fuel its broader ambitions.Most Read from BloombergNvidia Stock Surges as Sales Forecast Delivers on AI HopesHarvard Denies Degrees to 13 Protesters, Defies Faculty VoteThese Flight Routes Suffer the World’s Worst TurbulenceCiti Trader Got 711 Warning Messages Before Sparking Flash CrashUS Justice Department to Seek Breakup of Li
For the first three months of this year, Xiaomi's revenue was $10.42 billion