Xiaomi has achieved significant success in 2024, delivering more than 135,000 electric vehicles (EVs) through its EV division, Xiaomi EV. With this accomplishment, the company is now targeting 300,000 vehicle deliveries for 2025. As of now, Xiaomi EV has expanded its presence with 200 stores in 58 cities across China.
The company’s first model, the SU7, has already surpassed its 2024 delivery targets, reaching over 130,000 units by December 28, a year before its official unveiling. The SU7, launched in March 2024, is available in three variants—Standard, Pro, and Max—with prices starting at RMB 215,900 ($29,580). Deliveries of the Standard and Max versions will commence in April, followed by the Pro version in May.
Xiaomi EV is poised to increase production in 2025, with ongoing construction of a new factory in Yizhuang, Beijing. The plant is expected to have an annual capacity of 150,000 units in its first phase, with a second phase planned for completion by mid-2025.
Looking ahead, Xiaomi has plans to release several new models, including the high-performance SU7 Ultra, which is set to launch in March 2025 at a starting price of RMB 814,900. Additionally, the company is preparing to launch its first SUV model, the YU7, in mid-2025.
