$16B Michigan Data Center Project Boosts U.S. AI Infrastructure Expansion 
DeepSeek Slashes AI Model Pricing to Boost Adoption and Challenge Global Rivals 
Meta Raises 2026 Capex Outlook Amid AI Spending Surge, Shares Drop After Earnings 
DeepSeek V4 Launch Signals China’s Growing AI Independence with Huawei Chips 
Coles Group Q3 Sales Rise Driven by Supermarkets and E-Commerce Growth 
Judge Dismisses Elon Musk’s Fraud Claims Against OpenAI, Trial to Proceed on Remaining Allegations 
OpenAI Faces Revenue Pressure and User Growth Challenges Ahead of IPO 
China’s Ultra-Cheap EV Boom: Why Electric Cars Cost Far Less Than in the U.S. 
Apple Q2 2026 Earnings Surge as iPhone 17 Sales Drive Record Revenue 
Chinese Chip Stocks Surge on AI Boom and Domestic Tech Push 
Nippon Express Stock Jumps as Elliott Investment Signals Strong Foreign Interest in Japan Logistics Sector 
U.S. Demand for Alternative Satellite Providers Remains Strong Amid SpaceX Regulatory Push 
Taiwan Activates Backup Communications After Undersea Cable Break on Dongyin Island 
AstraZeneca Q1 2026 Earnings Surge on Strong Oncology and Rare Disease Drug Sales 
Qualcomm Stock Surges Despite Weak Guidance After Q2 2026 Earnings Beat 
TSMC Exits Arm Holdings with $231 Million Share Sale Amid Strategic Portfolio Shift 
U.S. Cybersecurity Pushes Faster Patch Deadlines Amid Rising AI-Driven Threats 
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)
