Xiaomi Targets 550,000 EV Sales in 2026
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Xiaomi Corp. is pinning higher hopes on its nascent electric vehicle (EV) business, raising its delivery target to 550,000 units in 2026 as the tech giant seeks to expand its revenue base.
Billionaire founder Lei Jun announced the target, which is up 34% from last year’s sales of 410,000 cars, during a livestream on Saturday.
The goal shows Xiaomi’s confidence in the continued expansion of its EV business despite fierce competition and public concerns over the safety of its assisted driving technology, which were triggered by a fatal March crash involving a Xiaomi sedan that had its autopilot system engaged.
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- Xiaomi raised its 2026 EV delivery target to 550,000 units, up 34% from 2025's 410,000 sales.
- In 2024-2025, Xiaomi expanded its EV lineup by launching the SU7, SU7 Ultra, and YU7 SUV.
- Its EV, AI, and new initiatives division reported its first operating profit in Q3 2025, with EV revenue tripling to 28.3 billion yuan.
- Xiaomi Corp.
- Xiaomi Corp. is a tech giant primarily known for smartphones and consumer electronics. They've ventured into electric vehicles (EVs), launching their first model, the SU7, in March 2024. Xiaomi aims to deliver 550,000 EVs in 2026 and expects its EV business to drive future profits. They introduced the luxury SU7 Ultra in February 2025 and the YU7 SUV in July 2025.
- 2021：
- Xiaomi announced its foray into the EV sector with an initial $10 billion investment.
- March 2024：
- Xiaomi launched its first EV model, the SU7.
- February 2025：
- Xiaomi launched the SU7 Ultra sports sedan, marking its first push into the luxury EV market.
- July 2025：
- Xiaomi introduced the YU7 SUV, which went on sale.
- Third quarter of 2025：
- Xiaomi’s EV, AI, and new initiatives segment reported its first-ever operating profit.
- November 2025：
- Xiaomi released an earnings report confirming the third quarter profit milestone.
- January 3, 2026：
- Lei Jun announced Xiaomi’s new EV delivery target of 550,000 units for 2026 during a livestream.
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