China'sXiaomi is selling more electric cars than expected, raising hopes that it can break even sooner

Xiaomi aims to sell at least 10,000 pure electric cars a month, for more than 100,000 deliveries this year. CEO Lei Jun says the company is selling more than expected. Xiaomi is hoping to break even sooner than expected, raising hopes it can sell more electric cars.

The firm previously said SU7 pre-orders had hit 88,898 within 24 hours of it starting to take orders. The SU7 is expected to cost around £1,000 and will go on sale in the UK this month. It is the first time the firm has taken pre-order orders for the electric car.

Buyers of Tesla’s Chinese rival EV may face monthslong wait for SU7. Chinese electronics maker Xiaomi is reportedly informing buyers of its new SU7 electric vehicle that they could face wait times of up to seven months. Buyers could face a wait of seven months, according to reports.

Chinese electronics maker Xiaomi launches connected electric car. Xiaomi is a well-known maker of smart consumer electronics in China. The company is also known for its smart smart cars and smart TVs. Xiaomi's electric car will be the first of its kind in China to be connected to the internet.