OpenAI Moves to Acquire Neptune as It Expands AI Training Capabilities 
Anthropic Reportedly Taps Wilson Sonsini as It Prepares for a Potential 2026 IPO 
Hikvision Challenges FCC Rule Tightening Restrictions on Chinese Telecom Equipment 
Trump Administration to Secure Equity Stake in Pat Gelsinger’s XLight Startup 
Amazon and Google Launch New Multicloud Networking Service to Boost High-Speed Cloud Connectivity 
Firelight Launches as First XRP Staking Platform on Flare, Introduces DeFi Cover Feature 
ByteDance Unveils New AI Voice Assistant for ZTE Smartphones 
UPS MD-11 Crash Prompts Families to Prepare Wrongful Death Lawsuit 
Netflix’s Bid for Warner Bros Discovery Aims to Cut Streaming Costs and Reshape the Industry 
Microchip Technology Boosts Q3 Outlook on Strong Bookings Momentum 
Rio Tinto Raises 2025 Copper Output Outlook as Oyu Tolgoi Expansion Accelerates 
Morgan Stanley Boosts Nvidia and Broadcom Targets as AI Demand Surges 
Taiwan Opposition Criticizes Plan to Block Chinese App Rednote Over Security Concerns 
Wikipedia Pushes for AI Licensing Deals as Jimmy Wales Calls for Fair Compensation 
Tesla Faces 19% Drop in UK Registrations as Competition Intensifies 
Airline Loyalty Programs Face New Uncertainty as Visa–Mastercard Fee Settlement Evolves 
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)
