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The IT giant, thanks to the successful launch of its only model so far, the SU7 electric sedan, entered the top 10 largest electric car manufacturers in China, writes Reuters. The company took eighth place in April, having sold more than seven thousand units of SU7. In the coming months, it intends to increase sales volumes to 11.6 thousand units in order to end the year with a result of 100 thousand cars.

In first place in the ranking is BYD, which sold 120,234 electric vehicles in the second month of spring. For comparison, Tesla’s figure is 31,421 cars. In addition to Xiaomi, the ranking by sales volume also includes other relatively young electric car brands, including Xpeng, which sold 9,868 electric vehicles in April, and Nio, which ended the month with 9,866 units sold.

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As for Xiaomi’s mentioned monthly sales plan of 11.6 thousand cars, this is only slightly less than the sales of electric Volkswagens in China. Thus, 13.1 thousand people chose “green” models of the German brand in April.

Analysts surveyed by the agency predict a further increase in Xiaomi sales. They believe that in 2025 the company has every chance of reaching the level of 240 thousand units sold, and in 2026 increasing this figure to 348 thousand units. However, for this to become a reality, Xiaomi must significantly increase production volumes.

The first steps towards this are already being taken: Cnevpost reports that from June the Beijing plant will work in two shifts, 16 hours a day. It is known that the plant in Beijing, thanks to a high level of automation, is capable of producing one electric car every 76 seconds. Accordingly, about 40 electric cars can roll off the assembly line every hour, and the monthly volume with a two-shift schedule will be 20 thousand cars.

By the end of 2024, Xiaomi will release a second model, an electric crossover, which is still unofficially called SU8. The company has already begun test assembly of the first battery-powered SUVs, but there is practically no information about the model. It is expected that the new product will belong to the mid-size SUV segment, and will be offered with a nickel-cobalt-manganese CATL battery and two electric motors.

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