Xiaomi EV Delivers Over 30,000 Vehicles in May

Xiaomi delivered more than 30,000 electric vehicles in May, extending its strong momentum in China’s intensely competitive EV market as the company expanded its lineup with new YU7 variants aimed at both budget-conscious and premium buyers. The performance keeps Xiaomi on track toward its ambitious goal of delivering 550,000 vehicles in 2026.

The company did not disclose an exact May delivery figure, though detailed data is expected later through industry reporting channels.

Xiaomi expands YU7 lineup to boost EV sales growth

Xiaomi EV delivered 36,702 vehicles in April, with its refreshed SU7 sedan accounting for more than 70% of total deliveries. The remainder came from the growing YU7 SUV lineup, which has become an increasingly important pillar of the company’s automotive business.

To further stimulate demand, Xiaomi introduced a new entry-level YU7 variant in May with a starting price of 233,500 yuan ($34,440). Deliveries of the lower-cost model began on May 26, giving consumers a more affordable entry point into the YU7 family, according to CNEV Post.

The move is widely viewed as an effort to compete more directly with the Tesla Model Y in China, the world’s largest EV market.

At the opposite end of the lineup, Xiaomi also launched the performance-focused YU7 GT. Starting at 389,900 yuan, the SUV features a dual-motor powertrain producing up to 990 horsepower. Customer deliveries began on May 29.

The simultaneous introduction of lower-cost and premium variants highlights Xiaomi’s strategy of expanding its addressable market while strengthening its position across multiple EV segments.

Xiaomi targets profitability as delivery volumes climb

Strong vehicle deliveries remain critical to Xiaomi’s broader automotive ambitions. The company’s innovative business segment, which includes EVs and artificial intelligence initiatives, reported an operating loss of 3.1 billion yuan during the first quarter.

Management attributed part of the shortfall to the Chinese New Year holiday period and temporary disruptions associated with the transition to the updated SU7 sedan lineup.

Despite those challenges, Xiaomi continues to scale production and broaden its model portfolio. The company delivered 117,558 vehicles between January and April, representing year-over-year growth of more than 12%.

To meet its full-year target of 550,000 deliveries, Xiaomi will need to maintain elevated production rates throughout the remainder of 2026. Achieving that goal would represent roughly 34% growth compared with the approximately 410,000 vehicles delivered in 2025.

As Xiaomi adds new models and increases manufacturing capacity, investors will be watching closely to see whether higher delivery volumes can help move the company’s automotive operations closer to profitability.

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