Xiaomi has increased its sales target for the SU7 electric vehicle from 100,000 to 130,000 units by the end of the year, achieving 100,000 deliveries in just 230 days.
This rapid success has allowed Xiaomi to significantly reduce losses per vehicle, now down to 38,000 Yuan (approximately 5,000 Euro), compared to 66,000 Yuan earlier. The gross profit margin has risen to 17.1% from 15.4%.
Current production rates have surged to about 20,000 units per month, surpassing the initial plan of 12,500. The automotive segment contributed around 10% to overall revenue, totaling 9.7 billion Yuan (approximately 1.29 billion Euro) in the third quarter.