Xiaomi Reports Rapid EV Sales Growth, Targets Profitability in 2025

Xiaomi is rapidly advancing in the electric vehicle (EV) market, expecting its EV unit to become profitable by the second half of 2025, less than two years after launching its first model, the SU7 sedan. The company reported strong sales growth, with over 75,000 units delivered in the first quarter of 2025 and domestic deliveries surpassing 28,000 units in May, reflecting robust consumer demand. Xiaomi's EV business has narrowed losses significantly and is on track to become the fastest Chinese EV maker to achieve profitability, outperforming rivals like Nio and XPeng. However, Xiaomi faces competition and criticism from Huawei, whose executive director questioned Xiaomi's EV quality despite its sales success, sparking public dispute between the two companies. Xiaomi’s leadership defended their products, attributing their success to strong product competitiveness and effective marketing. This rivalry highlights the intensifying competition between the two tech giants, both in smartphones and the burgeoning EV sector.