Xiaomi said last March:SU7He entered the car market with his sedan called “”. The vehicle, which was sold only in China, broke sales records and showed that the brand would be assertive in this area as well. In the second quarter data released yesterday, the company earned 869 million dollars in car sales and in the past three months 27 thousand 307 He was seen selling vehicles.

Chinese automotive technology giant yet couldn’t make a profit but the trend is that this will soon be over. The new statement from business leaders also supports this.

Aims to reach the same level as Tesla and BYD

Speaking to Bloomberg, Xiaomi CFO Alain Lam said it will take some time for the auto industry, which is only in its fifth month, to stop losing money and start making a profit. Lam, right now focus on growth instead of profitability he underlined.

In other words, they are focused on growth by sacrificing profit. However, the world’s two largest electric car companies On the same level as Tesla and BYD They want to compete with them. Goal, future In 10 or 20 years do this. If sales increase and the vehicles are offered worldwide, that is not a distant dream. Of course, they need many more models.

The company will continue its investment in cars. The company’s CEO, Lei Jun, plans to expand into car production to replicate its success with smartphones. 10 billion dollars He promised to invest.

The rival Tesla Model Y vehicle will arrive in 2025

In addition, information also emerged about some of the company’s plans to compete with market leaders. According to Bloomberg, Xiaomi year 2025 Once one of Tesla’s best-selling models We plan to launch an SUV similar to Model Y. he thinks. Unfortunately, there is not much information about this car yet.