Xiaomi targets Europe sales by 2027
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The move marks the first overseas foray for Xiaomi's cars, which have proved enormously popular in China and wowed Western auto executives.
Premiumization strategy accelerates, fueling strong growth across smartphones, smart EVs, and smart home appliances Beijing, Hong Kong, August 19, 2025 —
Xiaomi's second-quarter global smartphone shipments rose 0.6% from a year earlier to 42.4 million handsets. However, its smartphone revenue decreased 2.1% to 45.5 billion yuan due to a lower average selling price.
A rise in shipments of smartphones, especially in Southeast Asia, helped to boost Xiaomi's second-quarter revenue by 30.5%, the smartphone and EV company said on Tuesday, against the backdrop of a sluggish global market.
A new Chinese carmaking behemoth is planning an all out global offensive. Xiaomi, which is best known for making smartphones but now also makes electric cars, is now planning on selling its vehicles in Europe by 2027,
Chinese tech giant Xiaomi is facing delivery delays for its second electric vehicle, the YU7, due to overwhelming demand since its June launch. In an unexpected move, Xiaomi CEO Lei Jun has made headlines by recommending competitor vehicles to its customers.
Record-high revenue from Xiaomi’s Internet-of-Things business and robust EV sales offset slightly lower smartphone revenue.
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Xiaomi’s second-quarter numbers just came out, and they’re not what the market expected—they’re bigger. The company’s revenue jumped 31% year-on-year, hitting 116 billion yuan ($16.2 billion), which narrowly beat analyst predictions of 115 billion.
Xiaomi's advanced electric sedan is grabbing headlines on the track and in the streets. The SU7 Ultra recently secured the title of fastest production electric vehicle (EV) to lap the Nurburgring Nordschleife.