carmakers

Published: November 20, 2025 Xiaomi has just turned its electric‑vehicle experiment into a full‑blown business — and it’s moving faster than almost anyone expected, including Tesla. On November 20, the Chinese tech giant lifted its 2025 EV delivery target from 350,000 to more than 400,000 cars, after confirming that its electric‑vehicle and AI division has turned profitable for the first time. Bloomberg+2Tech in Asia+2 That milestone comes less than two years after Xiaomi delivered its first car, and roughly 19–20 months after launching the SU7 sedan — dramatically quicker than the timeline Tesla needed to reach consistent profitability, and far