Xiaomi’s (XIACY) (XIACF) electric vehicle unit outperformed Tesla (TSLA) in China, at least for the month of January.
The Xiaomi YU7 SUV ranked first in China by sales last month, with 37,869 units sold, twice as many as Tesla’s 16,845 Model Y vehicles, CNBC reported, citing data from the China Passenger Car Association.
The Model Y, which was the best-selling model in December, plunged to 20th place in January. Among new energy vehicles, it also fell from the first position to seventh over the same period. The figures include both electric and gasoline-powered vehicles, the report said.
Excluding gasoline-powered cars, Tesla ranked fifth in China sales last year, while Xiaomi placed tenth.
