Xiaomi sales have been absolutely stunning in 2024, but the company’s CEO, chairman, and founder wants to go far beyond this and make Xiaomi the 5th largest automaker in the world! In its first 9 months, the company sold a stunning 130,000 electric vehicles. Can it increase that many times … [continued]
With the electric vehicle revolution quite far along and clear leaders in the industry establishing themselves more and more, I figured it would be very hard now for a new entrant to break through and rise up into significant territory. However, big established tech brands have a leg up — … [continued]
There are several very exciting electric vehicle startups in China. Naturally, BYD is king of the hill and will remain there for a long time, but several others are doing exceptionally well if we compare them to automakers elsewhere. But Xiaomi is really different. As the second-largest smartphone producer in … [continued]
I recently travelled to Europe to celebrate my birthday. While I was on the flight home, I thought about my past few decades on this planet. While we seem to be going backwards politically, that can largely be attributed to fear. That fear often comes from the disruptive change created … [continued]
Xiaomi has just stormed into the electric vehicle arena, or “smart electric vehicle” arena, as several high-tech EV companies in China like to say. Yes, Xiaomi is mostly known for its smartphones — it’s second only to Samsung in annual production of smartphones. But as we’ve argued for years, giant … [continued]
Just three months after announcing its SU7 Ultra Prototype track-special race car, Xiaomi — best known for its smartphones — has stunned the automotive world by setting an extremely fast lap time at the famous Nürburgring Nordschleife. The Xiaomi SU7 Ultra Prototype completed the lap in just 6 minutes and … [continued]
Xiaomi, the world’s second largest smartphone maker, recently launched its electric sportscar, the Xiaomi SU7 sedan. Now, the company has just announced it will soon attempt a fast lap at the Nürburgring Nordschleife using a dedicated SU7 track-ready prototype. Xiaomi’s founder and CEO, Lei Jun 雷军, today (July 19th) held … [continued]
A potential bottleneck could come quite soon on the used EV supply side. Thanks to Japanese OEM’s love of mild hybrids and their quest to prolong the ICE age as long as possible, sales of EVs in Japan have been very disappointing. Sales have been so poor that the market share of EVs in Japan was recently just under 1%.
Even counting used vehicles, the majority of African countries still have very low levels of motorization compared to countries in the developed world. Only a handful of countries have motorization rates above 100 vehicles per 1,000 people.
Xpeng Motors, a popular electric vehicle startup in China that has unabashedly followed Tesla’s lead, that used patents that Tesla opened up for anyone to use, and that designed and developed cars that clearly resemble Teslas (yet do have their own design language) is readying for an IPO in the United States.
