Market Chatter: Xiaomi Looks to Expand EV Sales Overseas

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Market Chatter: Xiaomi Looks to Expand EV Sales Overseas

MT Newswires Live03-05

Xiaomi (HKG:1810) looks to market its electric vehicles overseas in 2027 following the success of its SU7 model in mainland China, the South China Morning Post reported Tuesday, citing President Lu Weibing.

The company will assess overseas markets, including Europe, to gauge demand and the business outlook, the report said, citing Lu's remarks during a trade show in Barcelona, Spain.

The SU7 is priced starting at 215,900 yuan in mainland China, the SCMP said.

Shares closed 7% higher during Wednesday's trading.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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