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Business

Du Zhihang, Liu Peilin and Han Wei

Xiaomi Expects Annual Car Delivery to Reach 100,000

Xiaomi Lei Jun Tesla Inc.

Lei Jun at an automotive show in Beijing on Thursday

What’s new: Xiaomi Corp. has secured 75,723 orders for its SU7 electric vehicles in the 28 days since its debut, marking a strong start for the smartphone giant’s entry into the highly competitive market.

Delivery of SU7 has reached 5,781, said chief executive Lei Jun at an automotive show in Beijing on Thursday, boasting a record monthly delivery for a debut brand. Xiaomi is eyeing an annual delivery of 100,00 vehicles, according to Lei, who in April predicted annual sales of 72,000 units.

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