Xiaomi CEO Lei Jun Celebrates 100,000th EV, Pays Tribute to Tesla’s Elon Musk

Just 230 days after launching its SU7 electric sedan, the Chinese smartphone giant has reached a major production milestone. What are the future plans for this company?

A Major Milestone for Xiaomi

Xiaomi, the Chinese tech powerhouse, has recently celebrated a significant milestone in its journey. The company’s CEO, Lei Jun, announced via social media that Xiaomi has produced its 100,000th electric vehicle (EV). To commemorate this achievement, he paid tribute to Elon Musk by sharing an image of himself sleeping on the factory floor, reminiscent of Tesla’s early days.

A Tribute to Musk

This gesture honors Musk’s practice of sleeping in his factory during the initial large-scale production of Tesla’s Model 3 in 2018. Through this act, Xiaomi’s CEO acknowledges the courage and zeal that define the pioneers of the electric automotive industry.

However, Lei Jun’s decision is not just a celebration of success, but also a statement of his resolve to overcome challenges and lead his team towards new frontiers.

Rapid Success

Xiaomi’s entry into the electric vehicle market has been notably swift. The brand reached its 100,000th vehicle production in just 230 days, a feat Lei Jun describes as an “incredible speed” for a newcomer in the automotive industry. This achievement has been underscored by a near 90% increase in the value of its shares on the Hong Kong stock market this year.

Fierce Competition

Despite its rapid success, Xiaomi faces intense competition in China, the world’s largest EV market, where giants like Tesla and BYD set the pace. Yet, Xiaomi appears determined to push forward and carve out its market share. The brand hopes to compete with its rivals through a focus on speed and efficiency, traits often advantageous for newcomers in the industry.