Xiaomi sets “Conservative” 550,000-unit target for 2026, still poised to be history’s fastest to one million
Xiaomi has announced a delivery target of 550,000 vehicles for the full year 2026. The goal was revealed by Lei Jun, Xiaomi’s founder, chairman, and CEO, during a New Year live broadcast.
Lei Jun also disclosed that Xiaomi Auto’s total deliveries for 2025 surpassed 410,000 units, with December 2025 alone seeing over 50,000 vehicles delivered. This performance follows a strong debut year in 2024, where Xiaomi delivered approximately 140,000 vehicles, primarily with its single model, the Xiaomi SU7, and operating with only the first phase of its factory.
The company’s growth trajectory is further highlighted by the performance of its Xiaomi YU7 model, which achieved over 150,000 deliveries within six months of its launch. This figure represents 2.3 times the delivery volume of the SU7 during its initial six-month period, indicating strong market reception for Xiaomi’s expanding lineup.
Should Xiaomi achieve its 2026 target of 550,000 deliveries, the company is poised to join the “Million Club”. Notably, this 2026 target alone equals the combined deliveries of Xiaomi’s first two years in the automotive industry (140,000 in 2024 plus 410,000 in 2025).
The “Million Club” has recently welcomed several new members from the new energy vehicle sector. Leapmotor, Li Auto, and Xpeng successively joined the club in September, October, and November of 2025, respectively. Nio is also on the cusp of this milestone, with its one millionth vehicle expected to roll off the production line on January 6, 2026.
While its EV startup peers have typically taken around a decade of effort to reach the million-unit mark, Xiaomi is poised to become the fastest automaker in history to surpass one million units in sales, and the first ever to deliver a million vehicles in just its third year of production.
Editor’s comment
Xiaomi delivered 50,000 vehicles in December 2025. If this monthly average is sustained, its 2026 production should reach 600,000 units, making its stated target of 550,000 units seem rather conservative. This cautious outlook could be due to the initial post-launch hype for its vehicles having faded, alongside the intense competitive pressure anticipated for the two extended-range SUVs it plans to introduce in 2026.
