Xiaomi EV, the car-making division of Chinese tech giant Xiaomi, reported a modest rise in deliveries for May compared to April, amidst ongoing challenges related to production capacity.
During an auto industry conference, Lei Jun, founder, chairman, and CEO of Xiaomi, announced that the Xiaomi SU7, the company’s first electric vehicle (EV) model, delivered 8,646 units in May. This marks a 22.27 percent increase from April.
See also:Â Xiaomi EV to Ramp Up Production with Double Shifts to Meet DemandÂ
To meet growing demand, Xiaomi EV plans to initiate double-shift production at its factory in June, aiming to deliver over 10,000 units in a single month, Lei stated.
The SU7 was launched on March 28, featuring three variants â standard, Pro, and Max â priced at RMB 215,900 ($29,800), RMB 245,900, and RMB 299,900, respectively. Deliveries of the standard and Max versions began on April 3, with SU7 Pro deliveries commencing in May.
See also: Xiaomi Emerges as Chinaâs Eighth-Largest EV Upstart with Strong Sales of SU7 Sedan
On May 15, Xiaomi EV celebrated the delivery of its 10,000th SU7, reaffirming its commitment to enhancing production capacity to achieve its target of delivering 100,000 units by the end of 2024.
During an earnings call on May 23, Xiaomi management confirmed plans to deliver at least 100,000 units in 2024 and expressed ambitions to reach 120,000 units. The company intends to commence double-shift production in June, aiming to deliver a minimum of 10,000 units that month.
