Xiaomi made a strong entry into the electric vehicle (EV) market in 2024, selling 136,800 units of its debut model, the SU7. Founder Jun Lei has set an ambitious target of reaching 350,000 sales in 2025, positioning Xiaomi among China’s top EV brands. The company’s expansion into automotive manufacturing marks a significant shift from its smartphone business, differentiating it from many of its industry peers.