Xiaomi Sets 550,000 Vehicle Delivery Goal for 2026

Xiaomi plans to deliver 550,000 electric vehicles in 2026, CEO Lei Jun said, citing strong sales momentum, new models and cautious expectations amid China’s EV competition.

Xiaomi is preparing to accelerate the expansion of its automotive business in 2026, setting a delivery target of 550,000 electric vehicles for the year. The figure represents a 34% increase compared with 2025, when the company delivered more than 410,000 vehicles. Founder and Chief Executive Lei Jun announced the goal during a New Year livestream, suggesting that Xiaomi could become the fastest automaker on record to reach one million cumulative vehicle sales.

The confidence behind the target is rooted in recent momentum. In December 2025 alone, Xiaomi delivered more than 50,000 vehicles. Sustaining such a pace would put annual output close to 600,000 units, making the official 2026 target appear deliberately conservative rather than overly ambitious.

Much of the growth has been driven by a rapidly expanding model lineup. Xiaomi’s second production model, the YU7 crossover, reached 150,000 deliveries within just six months of its launch. That performance is roughly 2.3 times faster than the early sales trajectory of the SU7 sedan, which entered the market in spring 2024. The contrast highlights how quickly Xiaomi’s automotive brand has gained traction after its initial debut.

In China’s intensely competitive electric vehicle market, Xiaomi is also aiming to join a small group of manufacturers that have crossed the one-million-unit sales threshold. Leapmotor, Li Auto and Xpeng reached that milestone in 2025, while Nio is expected to do so in early 2026. For established automakers, such a scale typically takes close to a decade to achieve, underscoring the speed of Xiaomi’s expansion.

Financially, the company has already cleared an important hurdle. Xiaomi reported that its EV and AI division became profitable in the third quarter of 2025, roughly a year and a half after the launch of the SU7. Even so, investor sentiment has remained cautious, with concerns over overcapacity and softening demand weighing on the company’s share performance amid ongoing price competition across China’s EV sector.

Beyond its domestic market, Xiaomi is laying the groundwork for international growth. The company has established a dedicated EV research and development centre in Munich and has begun testing vehicles in Germany, steps that are closely tied to its plan to enter the European market in 2027.

Against a backdrop of aggressive competition and recent forecast revisions by other Chinese automakers, Xiaomi’s 2026 delivery target appears to balance ambition with caution. While market pressures remain intense, the company’s recent sales trajectory suggests that faster growth remains possible if conditions continue to support demand.