Xiaomi’s loss per car sold dropped to 5 thousand dollars

Xiaomi’s loss per car sold dropped to 5 thousand dollars

By admin, Kasım 21, 2024








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Aiming to bring together 76 thousand SU7s with their owners this year XiaomiIn the past months, it had made a big leap and updated its target to 120 thousand units. Now company manager Lei Jun, They plan to deliver 130 thousand vehicles by the end of 2024. expressed.

Of course, Xiaomi’s goal expansion is not gratuitous. SU7 There are queues of up to 6-7 months in the delivery times of the model. So much so that the company switched to double-shift production last June in order to keep up with this high demand. So in the factory 20 thousand pieces every month SU7 is being produced. According to experts, if Xiaomi continues with this performance, it can deliver 400 thousand vehicles next year.

SU7 has already gained a considerable fan base with its design and technologies. The fact that it is cheaper than the Tesla Model 3, one of its biggest competitors, is also a big factor in its popularity. An analyst speaking to Reuters states that the company can deliver 400 thousand vehicles next year. This shows that the automobile unit could account for one fifth of Xiaomi’s total revenues next year.




Xiaomi's loss per car sold dropped to 5 thousand dollars




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Even though sales are up, Xiaomi is still losing money from its auto unit. The company announced a loss of $207 million in the third quarter. Of course, there is a great development in this field. The Chinese manufacturer lost $9,000 from every car it sold in the second quarter. This value dropped to around 5 thousand dollars in the third quarter.

The arrival of the SU7 Ultra version will further increase the popularity of the electric model. The model at the top of the series produces 1526 horsepower with three electric motors and accelerates from 0 to 100 km/h in just 1.98 seconds. Xiaomi will also launch two new models, one of which is range-extending electric (EREV), in the coming years.













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