China's Xiaomi ups EV goal to 120,000 as Q1 tops forecasts on strong phone sales

China's Xiaomi ups EV goal to 120,000 as Q1 tops forecasts on strong phone sales

Xiaomi's first electric vehicle SU7 is displayed at a showroom of a newly opened Xiaomi store in Beijing, China March 25, 2024. REUTERS/Tingshu Wang/File Photo

China’s Xiaomi said it will aim to deliver 120,000 electric vehicles (EVs) this year, up from the initial goal of 100,000, and will implement double-shift production to meet rising demand for its EVs.