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Tesla Rival Xiaomi's SU7 Ultra EV Sales Plummet To Under 50 Units In December: Report - Xiaomi (OTC:XIACF)
Benzinga· 2026-02-02 06:22
Core Insights - Xiaomi Corp's SU7 Ultra EV sales have significantly decreased, with only 45 units sold in December 2025, marking a sharp decline from previous months [2] - The cumulative sales of the SU7 Ultra have surpassed the target of 10,000 units set by CEO Lei Jun, despite the recent drop in monthly sales [2] - Sales figures for the SU7 Ultra were relatively stable between 2,000 to 3,000 units from March to August 2025, but began to decline sharply in September, with only 488 units sold that month [2] Company Performance - The SU7 Ultra EV recorded its first-ever profit from EV sales in the third quarter of 2025, indicating a brief period of financial success prior to the sales decline [1] - The drastic drop in sales to under 50 units in December raises concerns about the sustainability of the EV's market performance [1][2] Industry Context - The decline in sales for Xiaomi's SU7 Ultra EV may reflect broader challenges faced by electric vehicle manufacturers in maintaining sales momentum in a competitive market [3]