China’s Xiaomi will not sell its electric vehicles overseas until 2027, CEO Lei Jun confirmed in a livestream on Wednesday. He said the company is focusing on meeting strong domestic demand for its SU7 sedan and YU7 SUV.
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Electric vehicles (EVs) are set to make up over 25% of global car sales in 2025 and could pass 40% by 2030, according to the IEA's latest Global EV Outlook. In 2024, EV sales hit a record 17 million, even with economic challenges.
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#Tesla #ChinaEVMarket #ElectricVehicles #BYD #MarketShare #SalesDecline #Competition #LocalBrands #SelfDriving #ModelY #EconomicSlowdown #ElonMusk #NEVMarket #AffordableEVs #Technology #AutomotiveIndustry #EVSales #ChineseManufacturers #TeslaResponse #2025Trends
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#ElectricVehicles #ChinaEVMarket #CleanEnergy #EnergySecurity #GlobalOilDemand
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