Xiaomi EV Deliveries Surpass 600,000 Units as SU7 and YU7 Drive Strong Growth

Xiaomi Corp (HK:1810) has announced that cumulative deliveries of its electric vehicles (EVs) have exceeded 600,000 units since the company entered the EV market in early 2024. The milestone underscores Xiaomi’s rapid rise in China’s competitive electric vehicle sector, positioning the consumer electronics giant as a serious contender among established EV makers.

Xiaomi currently offers two main electric vehicle models: the SU7 sedan, which marked its debut in the EV space, and the YU7 crossover, launched in mid-2025. Both models have played a crucial role in boosting Xiaomi EV sales, with the YU7 emerging as a key growth driver thanks to strong consumer demand and positive reviews.

In January 2026 alone, Xiaomi sold more than 39,000 electric vehicles. Notably, the YU7 crossover maintained solid sales momentum despite a broader slowdown in China’s EV market. Competitive pricing strategies, targeted promotional campaigns, and favorable critical reception have contributed significantly to Xiaomi’s expanding market share.

During 2025, Xiaomi delivered over 400,000 EV units, placing it among China’s leading electric vehicle manufacturers. The company’s ability to leverage its strong brand recognition in consumer electronics, along with aggressive pricing and innovative technology integration, has helped accelerate its success in the fast-growing EV industry.

Looking ahead, Xiaomi has set an ambitious sales target of 550,000 electric vehicles for 2026. As demand for electric cars in China continues to evolve, Xiaomi’s expanding EV lineup and strategic market positioning could further strengthen its foothold in the world’s largest automotive market.

Investors and industry watchers are closely monitoring Xiaomi stock (HK:1810) as the company scales production and competes with other major Chinese EV makers in an increasingly dynamic market.