Xiaomi confirms plans for 2027 EV debut in European market

Xiaomi has been an EV company for less than 2 years and has no more than 2 discrete models of car thus far, yet is now projected to turn a profit in this endeavor by the end of 2025.

The milestone would follow achievements such as shipments in their hundreds of thousands thus far, even though the individual vehicles' buyers would have been buying from a company heretofore only responsible for smartphones, smart home gadgets and wearables. 

Accordingly, it has reportedly reiterated plans to launch its EVs on a new market in 2027 - and it is a major region too, being home to classic marques such as Volkswagen and Fiat.

Nevertheless, the SU7 just might be welcomed as an alternative to the Tesla Model Y in Europe.

On the other hand, Xiaomi currently has trouble providing inventory for its second car, the YU7, even in its native China, and has even been urging fans to consider Teslas instead.

Xiaomi may hope to have scaled its production up enough prior to steering its EVs into a new market.