Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
Elon Musk’s Empire: SpaceX, Tesla, and xAI Merger Talks Spark Investor Debate 
SpaceX Seeks FCC Approval for Massive Solar-Powered Satellite Network to Support AI Data Centers 
TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment 
Instagram Outage Disrupts Thousands of U.S. Users 
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
AMD Shares Slide Despite Earnings Beat as Cautious Revenue Outlook Weighs on Stock 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
Nvidia Nears $20 Billion OpenAI Investment as AI Funding Race Intensifies 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
Nvidia Confirms Major OpenAI Investment Amid AI Funding Race 
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
SpaceX Updates Starlink Privacy Policy to Allow AI Training as xAI Merger Talks and IPO Loom 
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates 
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)
