Global EV expansion

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Inside Xiaomi's global EV expansion plans
Youtubeยท 2025-09-25 11:59
Group 1 - The company is preparing to enter the European market by 2027, recognizing that European users have different preferences and needs compared to Chinese users [1][2] - There is a focus on ensuring that the vehicles meet high standards for European driving habits, which include faster driving speeds [2] - The company plans to upgrade its global product offerings rather than creating entirely new models specifically for Europe [3] Group 2 - Many Chinese EV manufacturers are considering local manufacturing in Europe due to tariffs on Chinese EVs entering the European Union [4] - The company acknowledges that establishing a factory in Europe is essential for long-term goals of becoming a top player in the global market within 15 to 20 years [5] - However, the company believes that local manufacturing is not an immediate necessity, citing successful examples like Tesla's production in Shanghai [5][6]