Xiaomi to take on Tesla & BYD in Europe with EV foray in 2027
Xiaomi intends to sell its first electric vehicle in Europe by 2027, declaring plans to take on Tesla and BYD globally after gaining traction with its year-old Chinese EV business.
President Lu Weibing shed more light on the company’s expansion plans after reporting a 31% rise in quarterly revenue, riding the successful launch of its second electric vehicle over the summer. That helped counter slowing demand for smartphones.
