Story: Xiaomi won't consider selling its electric cars outside China by 2027.
According to CEO Lei Jun during a live broadcast on Wednesday (July 2).
He said the company must focus on domestic orders for both its models.
It wasn't until recently that it became a smartphone maker, and the Chinese company has launched its first two electric cars in more than a year.
And it is working hard to keep up with demand.
The YU7 SUV launched approximately 240,000 orders last week.
Now, Xiaomi tells buyers that they will have to wait more than a year before driving.
Meanwhile, the company's SU7 sedan has surpassed the competitive Tesla Model 3 every month since December, putting pressure on Elon Musk's company in the major Chinese market.
Many commentators asked Lei about the long waiting time for customers during the live broadcast.
However, he provided few clues, saying that Xiaomi will work hard to improve its capabilities.
Reuters review of a consumer complaint website showed hundreds of customers requesting refunds, saying they were not told that the waiting time was long when placing an order.
Xiaomi plans to plan new plants on two lands near its Beijing factory to help meet demand.
