Supermicro Forecasts Strong Q4 Revenue Growth as AI Server Demand Surges 
U.S.-China AI Talks May Take Center Stage at Trump-Xi Summit 
Trump Invites Top CEOs Including Nvidia, Apple, Boeing to China Summit With Xi Jinping 
Infineon Raises 2026 Outlook as AI Data Center Chip Demand Surges 
Maersk Q1 Earnings Beat Expectations as Iran Conflict Clouds Shipping Outlook 
Hua Hong Semiconductor Stock Surges to Multi-Year High Amid AI Boom 
Aker BP Q1 Profit Jumps on Higher Oil Prices and Asset Reversal 
Palantir Reports Record Growth, Raises 2026 Revenue Outlook Above Expectations 
Judge Delays SEC Settlement With Elon Musk Over Twitter Stock Disclosure Case 
Philips Reaffirms 2026 Outlook After Strong Q1 Sales and Margin Beat 
Apple Q2 2026 Earnings Surge as iPhone 17 Sales Drive Record Revenue 
Samsung Surpasses $1 Trillion Market Cap Amid AI Chip Boom and Apple Partnership Talks 
Apple Explores Intel and Samsung Partnerships to Diversify Chip Supply Chain 
BHP Attracts AI-Focused Investors as Copper Demand Surges 
JD Sports Backs Nike CEO Elliott Hill Amid Brand Turnaround Efforts 
Novo Nordisk Raises 2026 Outlook on Strong Wegovy Demand 
Japan Tech Stocks Surge as AI Optimism Lifts SoftBank, Chipmakers 
Xiaomi plans to ship 120,000 SU7 electric vehicles in 2024, marking a significant milestone for the company. As President Lu Weibing confirmed, a new sport utility vehicle (SUV) model is under development.
Xiaomi's Ambitious Delivery Targets
Gizmochina reports that Xiaomi anticipates shipping an astounding 120,000 units in 2024, as stated in its most recent financial report. This information is released following the company's previously declared objective of surpassing 100,000 deliveries for its inaugural model, the SU7.
President Lu Weibing of the organization has confirmed that a new electric vehicle (EV) model is in development, following numerous rumors regarding its product lineup.
During an earnings call, Xiaomi's president verified that the company is developing a new model while concentrating on delivering the Xiaomi SU7.
President Lu Weibing, in adherence to a strict confidentiality policy, has hinted that it's not yet the right time to unveil any details about the new model, adding an air of mystery and anticipation to the company's plans.
Development of Tesla-Like SUV
Bloomberg (via CnEVPost) reported that Xiaomi intends to manufacture and distribute an SUV comparable to Tesla's Model Y as early as 2025.
Bloomberg added that Xiaomi compared its envisioned SUV to Tesla's during development, citing a source with knowledge of the situation.
A source familiar with the matter told the report that Xiaomi does not anticipate the SUV being manufactured until late 2025 when the second phase of the company's assembly facility in Beijing is finished.
Long Life Cycle of the SU7
In another SU7 news, Xiaomi Auto founder Lei Jun mentioned the complete life cycle and 150,000 to 200,000 kilometers in a live broadcast on May 18. Certain Internet users erroneously concluded that the Xiaomi SU7's entire product lifecycle span was precisely those numbers.
CarNewsChina.com Xiaomi has since clarified the remarks. Xiaomi asserts that the number of SU7 test vehicles is ten times greater than the industry average and that the test mileage is between two and three times that of the industry.
Photo: JustAnotherCarDesigner/Wikimedia Commons(CC0 1.0 DEED)
