Xiaomi is upping its game in the electric vehicle (EV) market by raising its delivery target for the SU7 model from 100,000 to 120,000 units for the year 2024. The Chinese tech giant, known for its smartphones, set the new target following the overwhelming success of the SU7 since its launch. Customers will now have to wait at least 30 weeks for delivery due to the high demand, with over 88,000 confirmed orders as of April 30.
What?
Xiaomi has bumped up its delivery goal for the SU7 EV model from 100,000 to 120,000 units for 2024 due to soaring demand. The company introduced the SU7 series in March, consisting of standard, Pro, and Max versions, with prices starting from RMB 215,900 ($29,800).
Why does it matter?
With orders steadily increasing, Xiaomi is on track to achieve its ambitious target and has already completed the delivery of its 10,000th SU7 by mid-May. The company plans to enhance its production capability to ensure it meets the revised goal. Xiaomi aims to exceed 10,000 deliveries in a single month by June and is expanding its sales and service network to cover a wide range of cities across China.
How is it going to shape the future?
Xiaomi’s decision to raise the delivery target demonstrates its commitment to establishing a strong presence in the competitive EV market. By ramping up production and expanding its network, Xiaomi is positioning itself for long-term success in the sector. The popularity of the SU7 highlights the growing demand for affordable and innovative electric vehicles, setting the stage for Xiaomi to make a significant impact on the industry.
In conclusion, Xiaomi’s move to increase its delivery target for the SU7 reflects its proactive approach in meeting consumer demand and solidifying its position in the EV market. As the company continues to scale up production and distribution, its presence in the electric vehicle sector is set to expand, paving the way for further growth and success in the future.
Source: https://cnevpost.com/2024/05/23/xiaomi-su7-delivery-target-120000-units-2024/
