Xiaomi’s SU7 becomes China’s first Tesla killer, outselling the Model 3

South China Morning PostCenter-RightEN 1 min read 100% complete by Daniel RenJanuary 25, 2026 at 04:00 AM

AI Summary

short article 1 min

Xiaomi's SU7 electric vehicle has surpassed Tesla's Model 3 in sales in mainland China, marking a significant achievement for Chinese EV manufacturers. In 2024, the SU7 sold 258,164 units, exceeding the Model 3's 200,361 deliveries, according to the China Passenger Car Association. This ends Tesla's Model 3 dominance in the premium electric sedan category since its 2019 debut. Experts attribute Xiaomi's success to offering comparable technology at lower prices, boosting the efforts of Chinese carmakers to compete in the premium EV market. Tesla's Shanghai factory also produces the Model Y, which continues to lead SUV sales in China.

Key Entities & Roles

Key Player Opposition Context

Nio 30% Suolei 30% IM Motors 30% Xpeng 30% Model Y 40% Shanghai ×240% Eric Han 40% China Passenger Car Association (CPCA) 50% Model 3 ×260% China ×270% Tesla ×480% Xiaomi ×490%

Keywords

xiaomi su7 100% tesla model 3 90% electric vehicle 90% china 80% tesla killer 80% ev sales 70% premium ev segment 60% chinese carmakers 60% market competition 50% electric sedan 40%