Xiaomi is making significant strides in its electric vehicle (EV) production, as the company works to meet the rising demand for its first EV, the SU7, and prepare for upcoming models like the YU7 SUV. Founder and CEO Lei Jun recently visited Xiaomi’s EV factory in Beijing to discuss how to further increase production capacity while maintaining quality and safety. This visit highlights Xiaomi’s ongoing commitment to becoming a prominent player in the electric vehicle market.

Expanding Production Capacity: Phase Two of Xiaomi’s EV Factory

Xiaomi’s first EV factory began operations in Beijing with an annual capacity of 150,000 units. However, to meet the growing demand for its vehicles, Xiaomi is expanding its production capabilities. In July 2024, the company broke ground on the second phase of the factory, located just a short distance from the first phase. Construction has been progressing rapidly, with workers putting in extra hours to accelerate the build. The new phase is expected to be completed by the end of 2024, with the main structure set to be finished by mid-2025.

The second phase of the Xiaomi EV plant will increase the company’s overall production capacity, enabling them to produce more vehicles like the SU7 and future models, such as the YU7 SUV. With Xiaomi EV production ramping up, the company aims to meet its ambitious goal of delivering 300,000 vehicles by 2025.

The SU7: Xiaomi’s First Electric Vehicle and Strong Market Response

Xiaomi officially launched its first electric vehicle, the SU7, on March 28, 2024. The model is available in three variants: Standard, Pro, and Max, with prices ranging from RMB 215,900 to RMB 299,900. The SU7 has quickly become a direct competitor to Tesla’s Model 3 sedan, which remains a dominant force in the market. Despite being on the market for nearly a year, SU7 demand has remained high, and customers now face delivery wait times of up to six months.

The strong market response to the SU7 highlights Xiaomi’s success in its EV venture. With this model, Xiaomi is carving out a space for itself in the highly competitive electric vehicle industry, competing not only with global giants like Tesla but also with domestic players in China’s rapidly growing EV market.

Upcoming Launches: The YU7 SUV and SU7 Ultra

To continue expanding its EV lineup, Xiaomi is preparing to launch its second vehicle model, the YU7 SUV, which is expected to debut in mid-2025. Prior to that, the company will unveil the SU7 Ultra, a high-performance variant of the SU7. The SU7 Ultra went on pre-sale in October 2024 for RMB 814,900, and Lei Jun recently announced that it would be officially released by the end of February 2025, ahead of the initial March timeline. Xiaomi plans to sell 10,000 units of the SU7 Ultra in 2025.

As Xiaomi pushes ahead with its EV production goals, it continues to innovate and expand its offerings to capture a larger share of the electric vehicle market. With a growing lineup and continued improvements in production capacity, Xiaomi is poised to compete more aggressively with other established EV manufacturers.

Xiaomi’s Vision for the Future of Electric Vehicles

Xiaomi’s focus on expanding its EV production capacity is part of a broader strategy to become a leading name in the global electric vehicle market. With Lei Jun’s leadership and the company’s significant investment in R&D and manufacturing, Xiaomi aims to not only meet the demand for its vehicles but also push the boundaries of what’s possible with EV technology.

By 2025, Xiaomi intends to deliver 300,000 vehicles, marking a significant milestone in the company’s ambitious push into the automotive space. As the company builds momentum, the SU7, SU7 Ultra, and the upcoming YU7 SUV will help Xiaomi solidify its position in the rapidly evolving electric vehicle market. With an eye on both quality and production volume, Xiaomi is preparing for a competitive future in the electric vehicle industry.

Xiaomi is ramping up EV production to meet soaring demand by SU7’s success, learning the upcoming YU7 SUV and the expansion of Xiaomi EV factory with KINGBODE!