Xiaomi Hits Half-Million EVs And Projects Massive 2025 Delivery Surge

Xiaomi marked a major achievement this week after building its 500,000th vehicle, underscoring the tech company’s rapid ascent in China’s competitive EV sector. The company also said it expects to surpass 400,000 deliveries in 2025, with its previously stated 350,000-unit target likely to be reached within days. The milestone comes just one year and seven months after Xiaomi’s first vehicle rolled off the line, positioning the firm among the fastest manufacturers in the country to hit the half-million mark.

Xiaomi Hits Rapid Production Growth As SU7 and YU7 Models Scale

Xiaomi announced the 500,000-unit production milestone on Weibo, describing it as a “new starting point” for its automotive business. Logistics data suggests the 500,000th delivery will be completed shortly, according to CNEV Post. Founder and CEO Lei Jun emphasized strong momentum, noting that Xiaomi plans to deliver more than 400,000 vehicles in 2025.

The company’s growth has been fueled by the strong performance of its expanding EV lineup. Xiaomi delivered 135,000 vehicles in 2024, the first full year after launching the SU7 sedan, before accelerating into 2025 with its latest offerings. From January through October, Xiaomi EV delivered 315,376 vehicles, placing it close to its annual goal well ahead of schedule. The introduction of performance variants such as the SU7 Ultra and the YU7 SUV helped drive Xiaomi’s recent surge, including a record 48,654 deliveries last month.

EV Unit Drives Xiaomi’s First Quarterly Profit And Revenue Records

Xiaomi’s EV business has also become a key contributor to its broader financial results. During the third quarter, the company’s innovative business division, powered almost entirely by EVs, generated RMB 29 billion in revenue, with EVs accounting for RMB 28.3 billion (97.6 percent). The segment posted RMB 700 million in net income, marking Xiaomi’s first profitable quarter for its automotive operations.

The company delivered 108,796 vehicles in Q3 alone, representing a 173 percent year-over-year increase and a 32.6 percent rise from the previous quarter. Despite the operational momentum, Xiaomi’s Hong Kong-listed shares continued to slide amid pressure on its smartphone unit and concerns over broader industry headwinds heading into early 2026.

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