Xiaomi EV Achieves Major Production Milestone, Boosts 2025 Target

Xiaomi’s electric vehicle (EV) division has reached a major milestone by producing its 500,000th car and, at the same time, has raised its full-year 2025 delivery target to more than 400,000 units, according to company statements and press reports.

This news emerged after the company realized its electric vehicle sector had begun to generate more profits at a faster rate than any other sector. during the presentation of third quarter results, Xiaomi announced it plans to achieve its previous goal of delivering 350,000 units by the end of this week.

On Thursday, November 20, Lei Jun, founder, president and CEO of Xiaomi, shared this news on social media and celebrated the production of the company’s 500,000th vehicle.

Xiaomi’s EV and AI Division reports Strong Earnings

Xiaomi, best known for its smartphones and the development of a network of smart devices connected through an IoT platform, has consistently exceeded analyst expectations since entering the automotive market.

The Beijing-based technology company reportedly went from its first sale early last year to achieving profitability in this division just last quarter.

In the third quarter, Xiaomi’s EV and AI division reported revenue of 4.52 billion yuan ($627.8 million), with a gross margin of 15.3%. This demonstrates a meaningful improvement in financial performance.

Key Takeaways

• Xiaomi has produced its 500,000th electric vehicle.
• The company is raising its 2025 delivery target to over 400,000 units.
• Xiaomi’s EV division achieved profitability within its first year of sales.
• The division reported revenue of 4.52 billion yuan in Q3 with a 15.3% gross margin.

Xiaomi’s success in the EV market is attributed to its strong technology base, efficient supply chain management, and innovative approach to vehicle design and functionality. The company is focused on integrating its smart device ecosystem with its EVs,offering a seamless user experience.

Future Outlook

Xiaomi is poised to become a major player in the global EV market. The company plans to continue investing in research and development,expanding its production capacity,and launching new EV models.With its aspiring goals and strong performance, Xiaomi is well-positioned for continued growth and success in the years to come.

Publication Date: 2025/11/20 16:35:35