Xiaomi EV, the electric vehicle arm of Xiaomi, has increased its 2025 vehicle delivery target to 350,000 units as it scales up production capacity, company founder and CEO Lei Jun announced on Weibo.
The revised target represents a 16.67% increase from the previous goal of 300,000 units. Lei said Xiaomi EV has been making strides in boosting output, with the company recently reaching the milestone of 200,000 cumulative deliveries. It took 229 days to deliver the first 100,000 units, while the second 100,000 were completed in just 119 days.
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Xiaomi launched the SU7 electric sedan on March 28, 2024, positioning it as a competitor to Tesla’s (NASDAQ: TSLA) Model 3. The vehicle comes in three variants—Standard, Pro, and Max—ranging from RMB 215,900 ($29,890) to RMB 299,900. Deliveries began in April 2024, with the SU7 Pro following in May. In February, the company introduced the high-performance SU7 Ultra, priced at RMB 529,900, with deliveries starting on March 2.
The SU7 has maintained strong demand, with over 248,000 locked-in orders in 2024 and more than 180,000 units delivered as of March 1. February marked the fifth consecutive month of deliveries exceeding 20,000 units, and customers in China now face a wait time of at least 30 weeks for new orders.
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Xiaomi’s car manufacturing operations are based in Beijing, with the first phase of its factory currently capable of producing 150,000 vehicles annually. The company began construction on a second phase in July 2024 to further expand capacity. Xiaomi is also expected to unveil its YU7 electric SUV in mid-2025.