Xiaomi Delays Global EV Expansion Until 2027 Despite Outselling Tesla in China

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Xiaomi's global EV ambitions on hold until 2027 as CEO Lei Jun focuses on dominating Chinese market first.

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The tech giant turned automaker won't expand internationally for 2 more years despite the SU7 sedan outpacing Tesla's Model 3 sales in China.

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Why the wait? Overwhelming domestic demand has created year-long waitlists for its popular SU7 sedan and newly launched YU7 SUV.

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"We'll strive to ramp up capacity," Lei promised during Wednesday's livestream, acknowledging production challenges but offering no specific solutions.

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The electric SU7 sedan has beaten Tesla Model 3 monthly sales since December, sending shockwaves through the global EV market.

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Just launched last week, the YU7 SUV received a staggering 200,000 orders in its first 3 minutes, creating delivery wait times exceeding 56 weeks.

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Priced at 253,500 yuan ($35,360), the YU7 undercuts Tesla's Model Y by nearly 4% while offering greater range and luxury features.

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With Tesla's China dominance under threat, what will happen when Xiaomi finally goes global in 2027?

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Could Xiaomi's strategy of conquering China first before international expansion become the new playbook for emerging EV manufacturers?

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While Western markets wait, Xiaomi continues building its EV factory capacity and expanding its 235 Smart EV sales centers across 65 Chinese cities.

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