Xiaomi Urged to Ramp Up Electric Vehicle Production Amid Soaring Demand
In a recent speech at the Electric Vehicle Hundred People Forum, Miao Qin, Vice President of JD Group, expressed his admiration for the overwhelming success of Xiaomi's electric vehicles. He revealed that many JD employees and executives have been approaching him to purchase Xiaomi cars, but unfortunately, they are unable to deliver the cars due to high demand. Miao Qin even mentioned that some car owners have sold their nearly new Xiaomi Ultra cars at prices higher than the original purchase price.
29 March 2025
The success of Xiaomi's electric vehicles can be attributed to its precise understanding of consumer preferences, particularly among female car owners. JD Group's data has shown significant changes in the preferences of female car owners, and Xiaomi has been able to capitalize on this trend. The company's electric vehicles have been in high demand, with many customers eager to get their hands on one. According to Miao Qin, the team had high hopes for Xiaomi's automobile venture right from the start, and the actual market response has surpassed his expectations.
Miao Qin's comments highlight the immense popularity of Xiaomi's electric vehicles, which has exceeded expectations. As a partner of Xiaomi, JD Group has been closely observing the development of the company's automotive business. Miao Qin praised Xiaomi's ability to understand user needs and its internet-based gene, which has enabled the company to accurately grasp the trends in the market. The demand for Xiaomi cars has been overwhelming, with numerous individuals approaching him to inquire about purchasing one, but he has been unable to meet their requests due to the insufficient supply.
The calls for expanding factory capacity have grown louder as Miao Qin urged Lei Jun, the founder of Xiaomi, to rapidly increase production at the company's automotive factory. This development underscores the overwhelming demand for Xiaomi's electric vehicles, which has far outpaced the current supply. The need for expanded production facilities is evident, as the company struggles to meet the market's appetite for its products. By expanding its factory capacity, Xiaomi can increase its production to satisfy the growing demand for its electric vehicles, ultimately leading to a higher market share.
The company's ability to respond to this demand will be crucial in determining its long-term success in the competitive electric vehicle market. As the electric vehicle sector continues to experience rapid growth, Xiaomi's response to the calls for expanded production will be closely watched by industry observers and investors alike. The explosive popularity of Xiaomi's electric vehicles is a significant signal for the entire automotive industry, indicating that market demand for electric vehicles is growing rapidly. As Xiaomi's factory expands its production capacity, the company will be able to meet the increasing demand from customers, further driving its growth.
This development is expected to have a positive impact on the company's stock performance and investor confidence. Moreover, the expansion of Xiaomi's electric vehicle production is likely to intensify competition in the industry, pushing other manufacturers to innovate and increase their own production capacities. This, in turn, could lead to a surge in advancements in electric vehicle technology, ultimately benefiting consumers and driving the growth of the electric vehicle market as a whole. As the industry continues to evolve, it will be essential for companies like Xiaomi to stay ahead of the curve and adapt to changing market demands to remain competitive.
