Tech giant Xiaomi weekly sales saw a 7.5% increase from 6,700 to 7,200 units in the third week of July, according to registration data shared on Chinese social media this Tuesday.
It was its best week so far this quarter, as figures keep recovering from weaker registrations in the beginning of July, which are typical of the start of a new quarter.
The company listed 175,200 vehicles in its domestic market from January 1 to July 20. It aims to expand overseas by 2027, according to the president Lu Weibing.
Between July 14 and 20, Xiaomi sold 1,600 YU7 SUVs. The model was launched in late June and has a starting price of 253,500 yuan ($35,300).
Deliveries of its second model started in the first week of July and, so far, the brand has handed over 2,800 units.
The estimated delivery time for Xiaomi vehicles currently starts from a minimum waiting period of 38 weeks — as production is only starting to ramp up.
Registrations of its debut model SU7 reached 5,600 units — above the previous week’s 5,300 EVs. The model continued to outperform the Tesla Model 3, which it was set to rival.
In the last week, the gap between the two sedans widened, as Xiaomi registered twice as much units as Tesla.
Newly surfaced spy photos have shown on Monday what seems to be Xiaomi‘s third vehicle, testing in Beijing. The model is an extended-range electric vehicle. It has three rows, with a six or seven seat configuration.
Li Auto and Nio’s sub-brand Onvo will also be launching six-seater models later this month — the Li i8 and the L90 fully electric SUVs.
Last week, Tesla teased a six-seat version of its Model Y, set to launch in China “this Fall,” intensifying the competition in the six-seater segment.
Chinese new energy vehicle (NEV) brand BYD registered 51,400 hybrid and fully electric vehicles last week, up from 48,800 units.
Regarding newcomers, Aito remained on top, with 9,200 vehicles sold from July 14 to 20 — above the 8,600 units registered a week before.
Guangzhou-based XPeng listed 6,700 vehicles in the market, posting higher weekly sales figures when compared to the second week of July.
When it comes to premium brands, Nio Group‘s main brand saw its sales reach 2,500 EVs. Its main competitor, the Geely-backed Zeekr brand, sold 3,000 vehicles.
Last week, a group of Chinese automakers — including Xiaomi— took part in discussions between China and the EU.
According to the CCCEU, “Nio, XPeng, Xiaomi, Eve Energy, Gotion & Catarc discussed US-EU trade, EV tariffs, green policies and investment climate,” with “all sides committed to dialogue.”
