Xiaomi Hits 200,000 EV Deliveries in Record Time, Raises 2025 Target to 350,000 Units

The tech giant's rapid EV growth drives a 280% stock surge and fuels plans for expanded production and new model launches.

Xiaomi achieved 200,000 EV deliveries in just 119 days, prompting the company to increase its 2025 delivery target from 300,000 to 350,000 units.
The company's first EV, the SU7 sedan, saw strong demand in 2024 with 136,854 deliveries and a current wait time of at least 30 weeks.
Xiaomi reported a 35% revenue increase in 2024, reaching 365.9 billion yuan, with its EV division contributing 32.8 billion yuan or 10% of total revenue.
The YU7 SUV, Xiaomi's second EV model, is set to launch in summer 2025, aiming to compete with Tesla's Model Y in the Chinese market.
Xiaomi's stock has surged 280% over the past year, reflecting investor confidence in its EV strategy and overall financial performance.