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Jai Hamid

Xiaomi targets 550,000 EV deliveries in 2026 after reporting 410,000 units sold in 2025

Xiaomi plans to deliver 550,000 electric vehicles in 2026, raising its target after reporting 410,000 units sold in 2025 and turning its EV business profitable in November. The company faces new regulatory scrutiny in China following two SU7 crashes, while preparing up to four model launches or refreshes and eyeing overseas expansion from 2027. At the same time, a cooling global EV market and memory chip supply risks are weighing on its broader business outlook.
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