JAKARTA - Xiaomi's electric vehicle unit has made a good record and shown the company's aggressive expansion rate in the Chinese electric car market. In December, Xiaomi EV for the first time exceeded the 50,000 unit delivery figure in a month.
The information was shared by Xiaomi EV via Weibo, although without detailing the exact figures. Official details are expected to be revealed in the monthly report of the China Passenger Car Association (CPCA) which is usually released at the end of the month.
For comparison, Xiaomi EV posted 46,249 units in November. The achievement jumped 99.73 percent year-on-year, but corrected 4.94 percent compared to October and the first monthly decline since July, according to a compilation of CnEVPost data reported on Thursday, January 1.
Cumulatively, from January to November, Xiaomi EV has shipped 361,625 vehicles. With the addition of December, the company's total shipments now reach 501,096 units.
The expansion of retail and after-sales networks is also continuing to be boosted. As of December 31, Xiaomi EV operated 477 retail stores in 138 cities in China, as well as 264 service centers spread across 151 cities.
To boost demand, Xiaomi EV launched a three-year interest-free financing program for the YU7, their first electric SUV. This program is valid until the end of February.
Consumers who bought the YU7 before February 28 are also entitled to a purchase incentive worth 48,000 yuan. The YU7 itself was officially launched on June 26 and has been shipped to consumers since July 6.
This model is positioned as a challenger to Tesla's Model Y, on the other hand Xiaomi EV also markets the SU7 series sedan. Xiaomi founder, chairman, and CEO Lei Jun, revealed that YU7 has sold more than 150,000 units in the first six months of its presence in the market.
The figure is equivalent to 2.3 times the sales of the SU7 in the same period. Going forward, Xiaomi EV product expansion is becoming more aggressive. Local media 36Kr, reported on December 30 that the company plans to launch four new models by 2026, including a debut in the long-range electric vehicle (EREV) segment.
The four models prepared include the facelift version of the SU7, the executive variant of the SU7, a five-passenger SUV with a longer range, and a seven-passenger SUV with a wider range. This marks Xiaomi EV's ambition to expand its portfolio while securing a larger market share.
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