Chinese smartphone maker Xiaomi has locked in 75,723 orders for its sporty SU7 electric sedan as of April 24, and aims to deliver over 10,000 units in June, founder Lei Jun said on Thursday. The delivery target sets a record for an electric vehicle (EV) startup,

Xiaomi Corp. has secured 75,723 orders for its SU7 electric vehicles since last month’s launch, paving the way for the Chinese electronics giant to challenge automakers from Tesla Inc. to BYD Co. Ltd in the world’s largest car market.

Chinese smartphone company Xiaomi aims to sell at least 10,000 pure electric cars a month, for more than 100,000 deliveries this year, said CEO Lei Jun.

China's Xiaomi has secured locked-in orders for more than 70,000 of its SU7 electric cars as of Saturday and the company intends to keep its automotive business "100% focused" on the Chinese market for the next three years,

Xiaomi (OTCPK:XIACF) (OTCPK:XIACY) has secured 75,723 locked-in orders for its new SU7 electric sedan as of April 24, according to the company's founder Lei Jun, and plans to deliver over 10,000 cars by June.

China's electronics giant Xiaomi is making waves with its electric cars and is fast approaching the break-even point, thanks to the surprisingly high sales of its new and affordable model.

Xiaomi's founder and CEO Lei Jun said on Tuesday that the SU7 has proved popular and is quickly moving towards its sales target of 100,000 units this year Retail sales of new energy vehicles in China totaled 1.