Xiaomi delivered more than 40,000 electric vehicles in October, marking the second consecutive month above that threshold as the Chinese smartphone maker remains on track to reach its annual target.
“In October 2025, Xiaomi Auto deliveries continued to exceed 40,000 units,” the company said on Weibo Saturday. “Thank you for your choice and support!”
The Beijing-based company does not disclose exact monthly figures, only releasing precise quarterly data alongside earnings results. Its next financial report is scheduled for November 18.
Closing In on Annual Target
Based on the October performance, Xiaomi has delivered approximately 297,000 vehicles year-to-date after reporting 257,171 deliveries through September 30.
That puts the automaker at roughly 85.7% of the 350,000-unit annual target set earlier this year by co-founder and CEO Lei Jun.
The trajectory represents remarkable momentum for a brand that only entered the EV market 18 months ago.
Xiaomi delivered 136,794 vehicles in 2024 after beginning sales in April of that year. Lei said in mid-October that the company has now delivered 400,000 vehicles since its March 2024 debut.
Record Demand Meets Production Constraints
Xiaomi has faced unprecedented demand for both its current models—the SU7 sedan and YU7 SUV—with delivery wait times stretching between 38 to 52 weeks for new orders. The backlog underscores the challenge of matching production capacity to market appetite.
The YU7, launched in July, shattered Chinese automotive records by securing 200,000 pre-orders within three minutes. Within 18 hours, locked-in orders reached 240,000 units.
To address the capacity crunch, Xiaomi is expanding its Beijing manufacturing operations. In June, the company secured an additional 485,000 square meters of land—equivalent to 15.4 football fields—for the third phase of its EV plant.
Local outlet Lanjinger recently reported that the company has managed to cut delivery waiting times by up to two months through the expansion.
Aggressive Technology Investment
At the 2025 World Intelligent Connected Vehicle Conference in Beijing, Lei revealed that Xiaomi has invested 5.79 billion yuan ($813 million) in autonomous driving development.
The company’s intelligent driving team now employs over 1,800 people — according to the CEO.
Earlier this week, local media outlet 36Kr reported that Xiaomi‘s EV division created a new Architecture Department reporting directly to Lei, consolidating several R&D department heads under unified leadership.
Incentives and Product Expansion
Last week, Xiaomi announced a year-end purchase tax subsidy for customers who place orders by November 30 for 2026 delivery.
The company will cover any increase in purchase tax after year-end through final payment deductions, cushioning buyers against China’s planned reinstatement of the 10% purchase tax rate on electric vehicles.
The policy applies to all models, including the YU7 SUV starting at 253,500 yuan ($35,600) and the SU7 sedan beginning at 215,900 yuan ($30,300).
Looking ahead, leaked images on Chinese social media last month showed what may be the upcoming Xiaomi YU9, measuring 5,200 mm in length and 1,800 mm in height. The vehicle reportedly features an extended-range hybrid system.
Deutsche Bank analysts expect Xiaomi to launch a large D-segment hybrid SUV in 2026, which could align with this model.
