Chinese technology giant Xiaomi has raised its full-year target for electric vehicle deliveries to 350,000 units, company founder Lei Jun announced on Tuesday via a post on Chinese social media platform Weibo.
This marks a significant increase from the previous target of 300,000 EVs for 2025, which was set earlier this year. The revised forecast underscores Xiaomi’s growing confidence in its automotive ambitions as it seeks to establish itself as a major player in China’s competitive EV market.
Xiaomi officially entered the EV industry with the launch of its first electric vehicle, the SU7, which debuted in March 2024. The company has positioned itself as a challenger to established automakers such as Tesla and BYD, leveraging its expertise in smart technology and consumer electronics to integrate advanced features into its vehicles.