In less than a year, Xiaomi’s car has become one of the brand’s star products, along with its smartphones and internet devices. Unfortunately, it is also one of those products that Spaniards cannot yet buy, since at the moment, it is only sold in China; The same is true of all versions of the car, such as the Xiaomi Su7 Ultra, or the second model of the company, the future Xiaomi Yu7.
Lei Jun, CEO of Xiaomi, has always made it very clear that the absolute priority for the company are its compatriots users, and that it was not even thinking of taking SU7 to other countries without covering the demand in China first. However, in recent months this speech has changed a bit, perhaps because Xiaomi has reached a higher production rate thanks to the expansion of its factory and the construction of a second production plant. Thanks to this, Xiaomi closed 2024 delivering more than 130,000 units of Xiaomi Su7.
If Xiaomi continues to increase the rhythm of production, it would not be surprising that in 2026, or even in this 2025, he can cover all demand in China; And that opens the door to expand outside the country. Xiaomi has already taken the first necessary steps to sell their cars in Europeincluding the hiring of employees specialized in homologation and the necessary changes to comply with European laws. And now, he has taken a giant step in this direction.
By surprise, Hyperion Leasing and Xiaomi have announced an “International Cooperation Agreement in large global markets”, and although the concrete details of collaboration are scarce, they will focus on the Export of electric cars to other markets and countries. However, companies have not clarified which model or models would be exported and what countries would be the first to receive them.
Hyperion Leasing is a Syomarch subsidiary, a Chinese state -owned company, and specializes in the export of vehicles to other countries; Specifically, Hyperion already operates in Russia, and it does not seem a coincidence that this country is one of the most interested in Xiaomi cars. In fact, Russia is the largest importer of Xiaomi Su7although their clients use ‘parallel channels’ and unofficial to get cars; It is estimated that approximately 400 Xiaomi vehicles have left the Chinese borders, of which 30% have ended in Russia.
However, this agreement It does not mean that Xiaomi will sell cars in Russiarather, on the contrary: it is raised precisely to avoid this. As part of the agreement, Hyperion Leasing will buy cars directly to Xiaomi, and from there it will be responsible for logistics, transport, sale, promotion, and maintenance in countries where I will finally offer them.
In other words, Xiaomi’s role will be exactly the same as now, and will not directly sell his cars in other countries, at least for the moment, which will allow him to maintain his promise to focus first on the Chinese market, and at the same time, explore possible markets to expand officially in the future.
