Chinese tech firm Xiaomi has announced plans to deliver 550,000 electric vehicles in 2026, lifting its target after selling 410,000 units in 2025.
The figure represents a 34% increase as the company pushes deeper into China’s crowded EV market and lines up overseas expansion. Billionaire founder Lei Jun announced the goal during a livestream on Saturday, setting expectations for the next phase of the car business. The EV unit turned profitable in November, around 18 months after the first electric sedan hit the road. That timeline landed faster than Tesla, which took years to reach the same point.
Xiaomi plans 550,000 EV deliveries in 2026 amid regulatory pressure
The profit news did little to calm markets. The stock ranked among the worst-performing Chinese tech names last year as concerns grew around overcapacity, soft demand, and tighter conditions across the EV sector, according to Bloomberg.
In addition, two serious accidents involving the Xiaomi SU7 triggered calls for tougher oversight. The incidents pushed regulators to act. China released draft rules and new standards covering advanced driver assistance systems, door handle design, and battery safety. These changes landed as scrutiny rose around software control and physical build choices in new electric models.
Despite that pressure, attention around the vehicles kept spreading beyond China. Karl-Thomas Neumann, former Volkswagen China chief executive, said the SU7 Ultra performance version was a “crying loud warning sign” for Western carmakers. Tech reviewer Marques Brownlee also weighed in, calling the sedan’s software integration “awesome.” The comments circulated as the company prepared its next steps outside the domestic market.
Xiaomi also plans to widen its lineup by up to four new launches and refreshes, featuring a five-seat model and a seven-seat extended-range SUV. Xiaomi’s extended-range vehicles reportedly carry a small gasoline engine that recharges the battery once power runs low, without full reliance on charging stations. Moreover, in May, Lei announced the Xring O1, a 3-nanometer processor designed for devices such as the Tablet 7 Ultra, promising to target performance levels seen in products from Apple and Qualcomm.
