Xiaomi EV is absolutely on fire, not just meeting but blowing past its annual delivery goals this week. The tech giant’s automotive arm just dropped its Q3 2025 financial results, and the numbers are nothing short of spectacular. Lu Weibing, Partner and President of Xiaomi Group, revealed that Xiaomi EV is set to hit an eye-watering 350,000 unit deliveries this week, cementing its place as a serious contender in the electric vehicle arena.
Unprecedented Growth and Efficiency
The Q3 report paints a picture of explosive growth, with over 100,000 new vehicles delivered in that quarter alone. This brings their total for the first three quarters to more than 260,000 units. But it is not just about big numbers. The pace of delivery has seen a dramatic acceleration. It took Xiaomi EV 230 days to deliver its initial 100,000 units, but they doubled that feat, delivering the next 200,000 units in a mere 232 days. This effectively showcases how Xiaomi turbo-charged its production capabilities, a testament to its agility in the competitive Chinese EV market.
September was a record breaker, with a staggering 40,023 units rolling out. This incredible momentum continued right into October, with deliveries once again soaring past the 40,000 mark. This kind of consistent high-volume output is what sets industry leaders apart.
Innovation and Profitability
The electric dream at Xiaomi is now a profitable reality. For the first time, Xiaomi’s innovative business division, encompassing smart electric vehicles and AI, achieved quarterly operating profitability. They pulled in a cool 700 million yuan in quarterly operating revenue. This is a massive milestone, proving that Xiaomi’s integrated approach to tech and automotive is paying off.
Citi’s recent report backs this up, suggesting that with the current weekly delivery rate exceeding 10,000 vehicles, Xiaomi’s full-year shipments could skyrocket to nearly 400,000 units. That would be an astronomical achievement for a brand so new to the automotive scene.
Consumer Confidence and Expanding Reach
For those eagerly awaiting their own slice of Xiaomi’s electric future, delivery times are stabilizing, ranging between 28 and 38 weeks. This indicates a maturing production pipeline and increasing consumer confidence. The company’s retail footprint is also expanding rapidly. As of October 2025, Xiaomi boasts 424 stores across 125 cities, with plans to add 17 new stores and venture into eight new cities in November alone. This aggressive expansion strategy is key to reaching more customers and solidifying its market presence.
The Bigger Picture in China’s EV Market
What Xiaomi is doing resonates deeply within the wider Chinese automotive landscape, a market that’s constantly pushing boundaries. Just look at the innovation coming from other players: Nio’s Firefly EV is already making waves in Europe, showcasing China’s ambition to go global. Companies like Xpeng are roaring past million-car milestones, fueled by affordable EV offerings and a relentless pursuit of advanced tech. Even established names like Volkswagen are teaming up with Chinese tech firms like Xpeng to develop new EV platforms, highlighting the deep integration and rapid evolution happening here. There are also fascinating innovations in battery technology, with breakthroughs like Sunwoda’s solid-state battery promising a 1000 km range, which could reshape how we think about electric travel entirely. It’s clear that Chinese manufacturers are not just building cars, they’re defining the future of mobility, and Xiaomi is right there at the forefront, driving innovation and expanding its reach at an incredible pace.
Despite this phenomenal success, the stock market can be a fickle beast. Xiaomi’s stock recently dipped by about 4%. While not ideal, it’s a temporary blip in what has been an otherwise stellar journey. It is worth noting the Xiaomi SU7, launched in June, initially sent share prices soaring to a historical high of HKD 61.45. Even with a current price around HKD 39, reflecting a 36% drop from that peak, Xiaomi’s long-term trajectory in the EV space remains incredibly promising.
