Daily Tech Roundup: Xiaomi Sees Annual Car Deliveries Hitting 100,000, Geely Auto’s Comeback Gets Into Gear

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Customers check out at the Xiaomi SU7 electric vehicle in Shanghai on Sunday. Photo: VCG

Welcome to the Daily Tech Roundup — a briefing of the top technology news making headlines in China and the rest of Asia.

Xiaomi sees annual car deliveries hitting 100,000

Xiaomi Corp. has secured 75,723 orders for its SU7 electric vehicles (EVs) in the 28 days since its debut, marking a strong start for the smartphone giant’s entry into the highly competitive market. SU7 deliveries have reached 5,781, Chief Executive Lei Jun said at an automotive show in Beijing on Thursday, boasting a record monthly delivery for a new brand. Xiaomi is eyeing annual deliveries of 100,00 vehicles, according to Lei, who in April predicted annual sales of 72,000. The sales target beat analysts’ expectations. Guosheng Securities Co. Ltd. had estimated SU7 sales would top 80,000 in 2024 and rise to 260,000 by 2026.