Xiaomi Plans Europe Foray in 2027 After EV Sales Gain Pace

A Xiaomi Corp. YU7 electric SUV on display at one of the company's stores in Shanghai.Photographer: Qilai Shen/Bloomberg

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By Linda Lew

August 19, 2025 at 9:40 AM UTC

Updated on

August 20, 2025 at 1:19 AM UTC

Xiaomi Corp. intends to sell its first electric vehicle in Europe by 2027, declaring plans to take on Tesla Inc. and BYD Co. 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 EV over the summer. That helped counter slowing demand for smartphones.