Xiaomi’s electric vehicle unit reported lower deliveries in January as the company prepared a facelift of its SU7 electric sedan and China’s auto market entered a traditional slow period.
Xiaomi said its EV business delivered more than 39,000 vehicles last month, according to a post on the company’s Weibo account on Sunday. The figure represents a sharp drop from December, when Xiaomi EV delivered a record 50,212 units.
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Xiaomi does not typically disclose precise monthly delivery numbers ahead of official industry data. Based on past practice, the wording “over 39,000 units” suggests deliveries were between 39,000 and 40,000 vehicles, with detailed figures expected later this month in data from the China Passenger Car Association.
The slowdown comes as Xiaomi transitions its product lineup. Company founder, chairman and chief executive Lei Jun said current deliveries are mainly made up of the YU7 sport utility vehicle, while the SU7 sedan is preparing for an updated version. He added that only a limited number of YU7 display models and stock vehicles remain available, with deliveries expected before the Lunar New Year holiday.
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China’s Spring Festival begins on Feb. 17, with the main holiday period running from Feb. 15 to Feb. 23, a time that often disrupts production and purchasing activity.
Xiaomi began pre-sales of the refreshed SU7 on Jan. 7, setting a starting price of 229,900 yuan ($33,070), up about 6.5% from the previous generation. The updated model offers a claimed driving range of up to 902 kilometres and includes LiDAR as standard across all variants. Analysts expect the timing of the launch to limit its contribution to January sales as buyers wait for the upgraded version.
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Early 2026 has also brought broader headwinds for China’s electric vehicle market, including reduced policy support and seasonal weakness. In mid-January, Xiaomi introduced a seven-year low-interest financing programme for all YU7 variants, a move Lei said was prompted by similar incentives rolled out by rivals such as Tesla.