- Xiaomi EV delivered 32,759 vehicles in May, up 16.94% year-on-year despite a monthly decline.
- The company is expanding the YU7 lineup while targeting 550,000 vehicle deliveries in 2026.
China's electric vehicle market remained highly competitive in May as Xiaomi EV reported deliveries of 32,759 vehicles, according to figures released by the China Passenger Car Association (CPCA). The result represented a 16.94% increase compared with the same month last year. However, deliveries declined by 10.74% from April, indicating that the company continues to face near-term demand and product transition challenges despite maintaining annual growth momentum.
Xiaomi had previously announced that its May deliveries surpassed 30,000 units, while the latest CPCA data provided detailed delivery figures for individual models. During the January-May period, Xiaomi EV delivered a cumulative 150,317 vehicles, representing year-on-year growth of 13.48%. Although cumulative performance remained positive, several major models experienced continued pressure, reflecting changing market dynamics and increasing competition within the electric vehicle sector.
Xiaomi EV Delivery Performance in May 2026
The following table summarizes Xiaomi EV's reported delivery performance for May and the first five months of the year.
| Category | Volume | Change |
|---|---|---|
| May Deliveries | 32,759 | +16.94% YoY |
| May vs April | 32,759 | -10.74% MoM |
| Jan-May Deliveries | 150,317 | +13.48% YoY |
SU7 Continues to Face Delivery Pressure
The SU7 sedan delivered 24,023 units in May. Deliveries declined 14.24% compared with the same month last year and fell 10.45% from April. The result marked the eighth consecutive month of year-on-year decline for the model. During the first five months of the year, total SU7 deliveries reached 60,082 units, representing a 54.64% decrease from the corresponding period last year. The figures highlight the challenges associated with the model's ongoing product transition phase and intensifying market competition.
YU7 SUV Records Fifth Consecutive Monthly Decline
The YU7 SUV delivered 8,736 units in May, declining 11.54% from April. This represented the fifth consecutive month of sequential delivery declines for the model. Despite the monthly slowdown, cumulative YU7 deliveries reached 90,235 units during the January-May period. The model, which was originally launched on June 26, 2025, remains a significant contributor to Xiaomi EV's overall sales performance and product portfolio.
Xiaomi Expands YU7 Lineup to Broaden Market Reach
To strengthen market positioning and support future growth, Xiaomi introduced two new YU7 variants on May 21. The company launched a new base version of the YU7 SUV with a starting price of 233,500 yuan ($34,422). The model was designed to lower the purchase barrier for consumers and enhance competitiveness against Tesla's Model Y in the world's largest EV market.
The newly introduced base model had originally been planned several years earlier but was removed before launch. By reintroducing the vehicle, Xiaomi aims to attract a wider customer base while reinforcing its position in the mid-size electric SUV segment. The strategy reflects the company's efforts to counter slowing momentum in certain models through broader product coverage and enhanced affordability.
High-Performance YU7 GT Targets Premium Segment
Alongside the entry-level variant, Xiaomi also launched the YU7 GT, a high-performance electric SUV with a starting price of 389,900 yuan. The vehicle features a dual-motor system producing 990 horsepower and targets customers seeking premium performance-oriented electric vehicles.
The YU7 GT established a lap time of 7 minutes and 22.755 seconds at the Nürburgring Nordschleife in Germany. According to Xiaomi, the achievement secured the model's position as the fastest production SUV in Nürburgring history, providing additional brand visibility within the global performance vehicle market.
Financial Performance and 2026 Delivery Targets
Strong delivery growth remains critical for Xiaomi's automotive ambitions. The company's innovative business segment, which includes electric vehicles and artificial intelligence operations, reported an operating loss of 3.1 billion yuan during the first quarter. Xiaomi attributed the result primarily to seasonal impacts associated with the Spring Festival period, while the transition of the core SU7 facelift program also affected short-term profitability.
Looking ahead, Xiaomi EV plans to leverage its expanded product portfolio and improving delivery capabilities to achieve ambitious growth objectives. The company has established a full-year vehicle delivery target of 550,000 units for 2026. This goal represents an increase of approximately 34% compared with the roughly 410,000 vehicles delivered in 2025. Achieving the target will require sustained sales recovery and stronger performance across key vehicle programs during the remainder of the year.
Frequently Asked Questions
How many vehicles did Xiaomi EV deliver in May 2026?
Xiaomi EV delivered 32,759 vehicles in May 2026, according to data released by the China Passenger Car Association. The figure represented a 16.94% increase compared with the same month a year earlier. However, deliveries declined by 10.74% from April. The result indicates that while annual growth remains positive, the company continues to face short-term fluctuations in demand and product transition challenges across some of its major vehicle models.
Why is Xiaomi expanding the YU7 product lineup?
Xiaomi is expanding the YU7 lineup to attract a broader range of customers and strengthen its position in the competitive electric SUV market. The company introduced both a lower-priced base variant and the premium YU7 GT performance model. This strategy allows Xiaomi to address multiple market segments, improve competitiveness against rival offerings, increase market share opportunities, and support its goal of significantly increasing annual vehicle deliveries in 2026.
What is Xiaomi EV's delivery target for 2026?
Xiaomi EV has set a vehicle delivery target of 550,000 units for 2026. The objective represents approximately 34% growth compared with the around 410,000 vehicles delivered in 2025. To achieve this target, the company plans to benefit from an expanded product portfolio, stronger production capabilities, and improved market performance across both the SU7 and YU7 model families while maintaining consistent sales momentum throughout the year.
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