Xiaomi is preparing a new electric SUV to compete with the Tesla Model Y in 2025

Following the phenomenal success of the SU7 electric saloon in China, whose sales in that market began last April, Xiaomi is preparing to expand its range of electric vehicles with a second model due in the first quarter of next year, which is about to begin, or at least that is what some media outlets in this Asian country claim.

This new vehicle, internally known as MX11, is apparently designed to compete directly with the Tesla Model Y, one of the most popular electric SUVs in the world, which also enjoys great acceptance in China.

As we have been telling you here at HighMotor over the past few weeks, Xiaomi has broken all the rules with the SU7, both in terms of the performance this vehicle offers and its price. It is therefore no surprise that the latest estimates suggest the company may already have surpassed the 100,000-unit mark in deliveries of its electric saloon, with the goal of reaching 130,000 before the end of the year.

Just around the corner

If the Chinese media are not mistaken, Xiaomi’s new electric SUV with the codename MX11 should be unveiled next February, or March at the latest. This model, as we have already mentioned, will compete directly with the Tesla Model Y, offering similar or even superior features at a price that, in principle, should be lower.

The most affordable Tesla Model Y, with a single electric motor and LFP battery pack on sale in China, costs around 33,000 euros at current exchange rates in that country. It would therefore not be surprising if Xiaomi’s new electric SUV costs even less than 30,000 euros at current exchange rates in its most basic version in that market.

It should also be noted that a document leaked last September already indicated that the German automotive components supplier Bosch will play a crucial role in supplying various technologies to be implemented in the MX11. These would include the dynamic braking system (DPB). In addition, Bosch will also supply its intelligent braking technology for an even larger Xiaomi SUV, due to reach the market in 2026, currently known internally as the N3.

The market launch of the Chinese manufacturer’s second electric model will practically coincide with the completion of the second phase of construction of Xiaomi’s car plant in Beijing. This expansion, which is expected to be completed by June 2025, will allow the company to increase its production capacity to 300,000 vehicles per year starting next summer.