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Xiaomi Outsells Tesla in China’s EV Market as Local Brands Gain Traction

Xiaomi Outsells Tesla in China’s EV Market as Local Brands Gain Traction

Author:

Global Cryptocurrency

Published:

2025-11-12 11:12:02

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BTCCSquare news:

Xiaomi's automotive division delivered 48,654 electric vehicles in October 2025, nearly doubling Tesla's China sales of 26,006 units. This milestone reflects shifting consumer preferences toward domestic manufacturers offering integrated tech ecosystems at competitive price points.

The SU7 sedan and YU7 SUV—launched in 2024 and 2025 respectively—leverage Xiaomi's smartphone infrastructure, mirroring the company's successful consumer electronics strategy. Tesla's October performance marked its weakest monthly result in three years as China's overall EV market contracted following subsidy reductions.

Investors rewarded Xiaomi's breakthrough with a 4% share price increase to HK$44.62. While BYD remains China's EV market leader, its year-on-year sales declined 12% amid cooling demand across the sector.

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