Xiaomi keeps smashing its own electric vehicle sales records as soaring demand pushes its EV business into new territory. The company has now logged its third month in a row with more than 40,000 deliveries, a run that signals how quickly its EV lineup has become a serious force in China’s auto market.

For Xiaomi, this is a clear sign that it is scaling faster than many anticipated, and the brand appears intent on holding that trajectory as the market heads into another year of rapid expansion. For manufacturers like Lucid Motors (NASDAQ: LCID) that are thousands of…

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