Xiaomi‘sโ Electric โVehicleโ Business Achieves Profitability Within Monthsโ of Launch
BEIJING โข – Xiaomi’s foray into the electric vehicle (EV) market is already proving lucrative, with the company reporting profitability for its EV divisionโค just months after initialโ deliveries began. Sales โreached 10,000 units in May 2025, generating revenues of 31,585 euros per vehicle.
This rapid profitability signals a successful expansion beyond Xiaomi’s coreโค consumer โelectronics business andโ positions the company as a significant new player in the competitive EV landscape. The โachievement is particularly noteworthy โgiven recent controversies, including a fatal accident involving its โฃSU7 model in April 2025, which did โคnot appear toโข dampen consumer demand. The positive results suggest a strong appetite forโข Xiaomi’s electric vehicles and a potential for continued growth as production capacity increases.
Xiaomi is actively developing its EV product line,with plans for modelsโค featuring range extenders currently underway. The โคcompany is also preparing for expansion into the European โฃmarket, targeting a 2027 launch.To facilitate this, Xiaomiโค has โคestablishedโ a โResearch & Development centre in Munich, Germany, dedicated to tailoring its vehicles โขto European preferences.
The brand has demonstrated its technological capabilities through record-breaking โขspeed tests, and is focused on establishing brand recognition within the โฃeuropean automotive sector. Xiaomi’s commitment to the EV market is further underscored by ongoing investment in research and development, aiming to deliver innovative and competitive electric vehicles globally.
