Lei Jun’s boast came true! Xiaomi’s sales, performance, and market value surpass Porsche in all aspects

At the Xiaomi SU7 press conference, Lei Jun compared Xiaomi SU7 to Porsche's electric car Taycan.

However, when comparing, Lei Jun still felt a little guilty. After all, Xiaomi's benchmark against Porsche was unreliable, so Lei Jun later added a sentence. He said: "Now Xiaomi can't compare with Porsche, but give it ten to five years." Time, Xiaomi will one day surpass Porsche!" "We will win from the beginning of the competition."

Of course, many people disagreed with Lei Jun's bragging, thinking it was just to market his SU7. It looks like a Porsche, so they thought he was really a Porsche?

However, Lei Jun is worthy of being Lei Jun. It has only been 7 months since the SU7 was delivered in April. Xiaomi has already surpassed Porsche in terms of sales, performance, and market value.

Let’s talk about sales first. In the first three quarters of 2024, Porsche’s global sales were 226,000 vehicles, a decrease of 7%. In China, only 43,280 vehicles were sold in the first three quarters, a decrease of 29%.

What about Xiaomi? Although the sales volume was just launched in April, from April to September, the delivery volume has been close to 70,000 units, far exceeding Porsche. In the three months of October, November, and December, the monthly sales volume of Xiaomi SU7 will exceed 20,000 units. vehicles per month, then the annual delivery volume is expected to be as high as 120,000 vehicles, which may be more than twice that of Porsche in the Chinese market.

Looking at performance, Xiaomi released the Mi SU7 Ultra a few days ago, which is Xiaomi’s most expensive model and also its most powerful model.

Xiaomi SU7 Ultra is equipped with a super three-motor system, with a maximum speed of 27200rpm, a total power of up to 1138kW (1548Ps), and acceleration from 0 to 100km/h in just 1.98 seconds.

The Xiaomi SU7 Ultra prototype broke the Nürburgring Nordschleife lap record for a four-door car with a time of 6 minutes, 46 seconds and 874 seconds, becoming the fastest four-door car in the history of the Nürburgring, surpassing the Porsche Taycan Turbo, whose score was 7'07 "550.

From the price point of view, Xiaomi's price is 814,900, while the Porsche Taycan Turbo starts at 1.998 million. The gap is obvious. Xiaomi achieves higher performance at a cheaper price.

Looking at the market value of both parties, Xiaomi's market value has surged recently and is now as high as 681.3 billion Hong Kong dollars (about 642 billion yuan, about 87.6 billion U.S. dollars), ranking fifth in the world.

Porsche's market value is only about US$70 billion, which is US$10 billion less than Xiaomi. As you can see from the picture above, Xiaomi ranks fifth in the world in terms of market value of global car companies, while Porsche is still ranked 7th, two places behind.

At the press conference, Lei Jun was relatively low-key, saying that if he worked hard for another 5 to 10 years, he would definitely surpass Porsche. But now it seems that it doesn’t take 5 to 10 years, just more than half a year, and Xiaomi will surpass Porsche in many aspects. , the only thing currently lacking is brand influence.