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With demand for the SU7 electric vehicle climbing, Xiaomi has scaled up production at its Beijing plant, achieving a 160% utilization rate in October. The company now targets a near 200% production capacity in late 2024 to meet its revised 120,000-unit delivery goal.
Xiaomi Accelerates SU7 Production to Meet Demand
In response to the increasing demand, Xiaomi swiftly increased production of the SU7. At the moment, the newly established Chinese automobile manufacturer is manufacturing the SU7 electric vehicle at its very own plant located in Beijing.
As of the month of October, Xiaomi's Beijing plant has attained 160% utilization, resulting in the delivery of more than 20,000 units. In order to satisfy customer demand, the automobile manufacturer intends to increase production even further.
Xiaomi’s Target: 200% Utilization by Year-End
According to CNEV Post, Xiaomi plans to achieve a production of 24,000 units during the final two months of 2024, which would be equivalent to a utilization rate of approximately 200%.
SU7 EV deliveries are expected to reach a total of 100,000 units by the month of November, according to the smartphone-turned-automobile business. At the beginning of this year, Xiaomi was able to adjust their supply objective to 120,000 units.
Soaring Demand Extends Wait Times for New Orders
An enormous amount of people have expressed interest in the Xiaomi SU7. At the moment, the wait period for new orders for the EV ranges from 21,000 to 233,000 units, Teslarati shares.
According to Xiaomi, the company has been receiving an average of 4,000 reservations for the SU7 EV each and every week since the month of August. The Xiaomi SU7 Ultra, which is anticipated to begin at a price of approximately $112,500, was made available for preorder by the business in the month of October.
