Anthropic Restores Claude Fable 5 and Mythos 5 After U.S. Lifts AI Export Controls 
Nike Q4 Earnings Beat Estimates as Wholesale Growth Offsets Direct Sales Weakness 
Apple Expands iPhone Lineup, Boosts Foldable iPhone Production Plans Through 2027 
EU Chip Industry Faces Growing Risks From China Export Controls and U.S. Technology Dependence: Report 
Open-Source AI Models Gain Ground as Enterprises Seek Lower-Cost Alternatives, Citi Says 
Texas Man Charged After Fatal Tesla Full Self-Driving Crash in Katy 
Chip Stocks Rally as Samsung and SK Hynix’s $1.3 Trillion Investment Plan Boosts AI Optimism 
South Korea Alleges Google Abused Android App Store Dominance, Eyes Major Fine 
Trump Administration to Launch Voluntary AI Standards for Frontier Models 
Apple Eyes Chinese Memory Chips as AI Shortage Pressures iPhone Supply Chain 
Australia Sues Amazon Over Prime Video Ads and Subscription Terms 
Northern Star Appoints New CEO as Activist Elliott Pushes for Leadership Overhaul 
Anthropic Brings Claude AI Models to Microsoft Azure Foundry With NVIDIA Blackwell GPUs 
Switch Seeks $2 Billion Funding at Nearly $50 Billion Valuation Ahead of Potential IPO 
Kawasaki Heavy Shares Slide on Report of ¥200 Billion Capital Raise Plan 
Lenovo Shares Slide as AI-Driven Memory Demand Signals Higher DRAM and NAND Prices 
Norway Offshore Oil Workers Reach Wage Deal, Averting Strike 
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)
