Suryaa Business Desk: Chinese smartphone manufacturer Xiaomi has reached a new milestone in the electric vehicle sector. The company recorded its highest monthly sales this year in October, with electric car deliveries exceeding 50,000 units. Official sources stated that the company has increased production speed due to the reception of its newly launched vehicles.
In the ten months since the beginning of this year, the company has delivered over 300,000 electric vehicles to customers. Xiaomi is gradually expanding its manufacturing capacity to meet the global demand for electric vehicles and is implementing plans to meet its annual delivery target. Features such as technology, design, and driving range are noted as factors attracting consumers.
Xiaomi is establishing a position in the automotive sector, competing with traditional automobile manufacturers. After experiencing minor fluctuations in sales over the past few months, the company returned to a growth path in October. Management is taking steps to strengthen the supply chain in response to high booking volumes. Financial analysts expect these developments in electric vehicle manufacturing to increase the Xiaomi brand value.
