Get all your news in one place.
100's of premium titles.
One app.
Start reading
Fortune
Fortune
David Meyer

Xiaomi's challenge to Tesla and BYD helps it blow past analyst estimates

Customers experience the Xiaomi SU7 vehicles at the Xiaomi flagship store in Shanghai, China, August 1, 2024. (Credit: CFOTO—Future Publishing via Getty Images)

Psst—don’t tell Apple, but it looks like there are good opportunities for phone makers in the automotive sector.

China’s Xiaomi, which alongside Apple and Samsung is among the world’s big three smartphone firms, just announced its Q2 results, showing that its first electric vehicle is something of a hit. It launched the SU7 at the end of March to considerable consumer excitement, and delivered 27,307 of the sedans in the subsequent quarter.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.