Xiaomi’s first electric car, the SU7 sedan, has become very popular; Those who order now will have to wait up to eight months for their cars. In June alone, the first of the production enterprises will begin to produce more than 10,000 cars per month. At the same time, a plan to launch a second electric car began to form in the bowels of the company. It will be an electric crossover comparable to the Tesla Model Y in terms of features.

As Bloomberg noted, citing Chinese media and its own sources, Xiaomi is developing its first crossover precisely with the Tesla Model Y in mind, which has recently managed to become the most popular new vehicle among all cars, including cars with internal combustion engines. At least that’s what Tesla’s quarterly report says.

The timing of the appearance of the first Xiaomi crossover on the market largely depends on the pace of expansion of production facilities, nominally owned by the Chinese company BAIC. The first Beijing company is designed to produce 150,000 electric cars a year, but will need to reach 100,000 cars by the end of this year. In April, Xiaomi managed to deliver 7,058 SU7 sedans, at the level of 10,000 cars produced every month; The Beijing-based company expects it to be available by June. At the same time, at the end of April the company already had an order for the delivery of 88,063 SU7 sedans, so demand needs to be caught up quickly. Analysts at HSBC Qianhai Securities expect the supply situation to start improving in the third quarter of this year, and Xiaomi will produce 240,000 machines next year, for which another facility in Beijing will be commissioned. Overall, Xiaomi’s electric vehicle business is expected to stabilize in 2026, according to analysts.

According to some data, Xiaomi’s third electric car will be an even cheaper model compared to the SU7, and according to knowledgeable sources, a price range of just over $ 20,000 is targeted. The company’s founder, Lei Jun (Lei Jun), talked about plans to launch the electric crossover as early as 2021, but priority was given to the SU7 sedan at the launch of the first model. According to the head of Xiaomi, in the electric car market, sedans and crossovers share the demand in approximately equal proportions. The company’s two facilities in Beijing are designed to produce a total of 300,000 electric vehicles per year; The second will be operational next year.