Xiaomi EV eyes annual deliveries of 300,000 vehicles in 2025

Published: Jan 1, 2025 20:02
Source: gasgoo
On the first day of 2025, Xiaomi EV announced that its full-year deliveries for 2024 surpassed 135,000 units, and it has set a target of delivering 300,000 vehicles in 2025.

Shanghai (Gasgoo)- On the first day of 2025, Xiaomi EV announced that its full-year deliveries for 2024 surpassed 135,000 units, and it has set a target of delivering 300,000 vehicles through 2025.

Currently, Xiaomi EV has one mass-produced model on the market—the Xiaomi SU7. On December 23, the company announced via its official WeChat account the rollout of the 1.4.5 OTA update for the model. The update includes 13 new features and 26 optimizations, such as the integration of the VLM (visual language model), enabling the system to identify complex road environments and special traffic zones with text and voice prompts. Additionally, the charging map has been upgraded for improved efficiency, and Xiaomi has EV partnered with NIO, XPENG, and Li Auto to improve its charging service.

On October 29, during the launch event for the Xiaomi 15 series and Xiaomi HyperOS 2, Xiaomi Group Chairman and CEO Lei Jun revealed the pre-sale price of the Xiaomi SU7 Ultra at 814,900 yuan, with pre-orders opening simultaneously. Equipped with Xiaomi’s most powerful HyperEngine V8s, the SU7 Ultra boasts a top rotating speed of 27,200 rpm, a maximum horsepower of 1,548, and an acceleration time of 0-100 km/h in 1.98 seconds. With a design top speed of 350 km/h, Lei Jun described it as a street-legal four-door race car aiming to become the fastest four-door production vehicle model in the world. The SU7 Ultra is set for officially launch in March 2025.

In early December last year, Xiaomi EV also unveiled official images of its fire new SUV, the Xiaomi YU7, which is expected to hit the market in June or July 2025.

In December 2024, Xiaomi EV added 50 new retail stores, bringing its total to 200 stores across 58 cities. In January 2025, the company plans to add 16 more stores, expanding to six new cities, including Hohhot and Luoyang. Additionally, 29 new Xiaomi EV service centers and authorized service centers opened for business in December.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
SMM Daily Review: Spot Lithium Carbonate Prices Continued to Decline on May 19
1 hour ago
SMM Daily Review: Spot Lithium Carbonate Prices Continued to Decline on May 19
Read More
SMM Daily Review: Spot Lithium Carbonate Prices Continued to Decline on May 19
SMM Daily Review: Spot Lithium Carbonate Prices Continued to Decline on May 19
[SMM Daily Review: Spot Lithium Carbonate Prices Continued to Fall on May 19] Today, SMM battery-grade spot lithium carbonate prices fluctuated downward compared to the previous working day. Futures side, the lithium carbonate 2609 contract opened high at 191,000 yuan/mt today, then quickly pulled back after the opening. During the morning session, it fluctuated downward and broke below the average price line. Around midday, it accelerated its decline to a daily low of 182,100 yuan/mt (a drop of over 5%). In the afternoon session, it rebounded slightly but struggled to rebound further, weakening again toward the close, ultimately settling down 3.71% at 184,400 yuan/mt, with open interest decreasing by 20,533 lots. Spot market, lithium carbonate prices pulled back from highs after the previous rapid rally, which notably stimulated downstream inquiries and purchasing enthusiasm. Upstream lithium chemical plants still maintained willingness to hold prices firm, and some enterprises that had hedged at previous highs increased spot order shipments to downstream buyers. Overall, inquiries and actual transactions in the spot market were active. Lithium prices are expected to have limited downside in the short term and are expected to hover at highs.
1 hour ago
"Tesla Invests $250M in German Gigafactory to Boost EV Battery Production as European Sales Recover"
10 hours ago
"Tesla Invests $250M in German Gigafactory to Boost EV Battery Production as European Sales Recover"
Read More
"Tesla Invests $250M in German Gigafactory to Boost EV Battery Production as European Sales Recover"
"Tesla Invests $250M in German Gigafactory to Boost EV Battery Production as European Sales Recover"
Tesla, owned by Elon Musk, will invest $250 million in its German factory to increase EV battery cell production capacity. As sales recover in the European market, Tesla is using this investment to further boost its overall output in the region. The Berlin-Brandenburg Gigafactory is Tesla's first manufacturing base in Europe. The "Gigafactory," which began production in March 2022, produces hundreds of thousands of Model Y vehicles as well as millions of battery cells — the energy storage units that power electric vehicles.
10 hours ago
Changan and BYD Raise Prices on Select Models Amid Competitive 2026 Automotive Market
10 hours ago
Changan and BYD Raise Prices on Select Models Amid Competitive 2026 Automotive Market
Read More
Changan and BYD Raise Prices on Select Models Amid Competitive 2026 Automotive Market
Changan and BYD Raise Prices on Select Models Amid Competitive 2026 Automotive Market
After a prolonged wave of price cuts, the automotive market has entered a rare price-hike cycle in the fiercely competitive year of 2026. Changan Automobile and BYD have both recently announced price increases on select models. Changan's Qiyuan Q07 Tianshu Intelligent Laser Edition has seen its official suggested retail price raised by 3,000 yuan, while BYD's optional add-on price for the assisted-driving laser edition on certain models will increase from 9,900 yuan to 12,000 yuan — a rise of 2,100 yuan. The announcements have sent shockwaves through the industry.
10 hours ago