Xiaomi EV’s May Deliveries Surge 22%: SU7 Success

What?

Xiaomi EV, the car-making arm of Chinese tech giant Xiaomi, saw a significant increase in deliveries in May as its SU7 electric vehicle model gained traction in the market. Deliveries of the SU7 rose by 22.27% to 8,630 units compared to April’s numbers. The company’s founder, Lei Jun, announced this growth during an auto industry conference, highlighting the steady momentum Xiaomi EV is experiencing.

Why does it matter?

The rise in deliveries reflects the growing demand for Xiaomi’s electric vehicles and the company’s commitment to overcoming capacity limitations. With plans to start double-shift production in June, Xiaomi aims to deliver over 10,000 units in a single month, demonstrating its ambition to meet the increasing market demand and its 100,000-unit delivery target for this year.

Xiaomi’s entry into the electric vehicle market with the SU7 model has been met with enthusiasm from consumers, leading to extended waiting times for orders. By incorporating new batteries from CATL alongside those from FinDreams Battery, Xiaomi is innovating to enhance production capacity and meet customer expectations.

How is it going to shape the future?

Xiaomi’s continued success with the SU7 model and its plans for ramping up production signal a positive outlook for its venture into electric vehicles. With aspirations to deliver at least 100,000 units in 2024 and challenge a 120,000-unit target, Xiaomi EV is poised to become a significant player in the electric vehicle market.

By focusing on improving production capacity, meeting delivery targets, and innovating with battery technology, Xiaomi is laying a solid foundation for long-term growth and competitiveness in the evolving electric vehicle industry. As the company keeps expanding its offerings and streamlining its operations, it is likely to make a notable impact on the future landscape of electric vehicles.