Xiaomi EV Meltdown: Mass Cancellations, Unsold Cars Pile Up Nationwide

"What began as a fairy tale of explosive hype has now turned into one of the most dramatic collapses China’s electric-vehicle market has ever seen. Xiaomi’s EV dream, once hailed as a “sure win,” is now drowning in canceled orders, unsold inventory, collapsing resale prices, and a tidal wave of public anger. This is not a temporary stumble or a PR crisis that can be patched over with discounts and slogans—it is a full-scale credibility breakdown, unfolding in real time.


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