For Tesla, the growing momentum of Xiaomi cars has seriously threatened them. Bloomberg Economics research points out that Xiaomi Group’s electric vehicle sales are expected to surpass industry leader Tesla in the Chinese market in 2026, and its significant expansion of business scale may promote an upgrade of the company’s credit rating.
According to Bloomberg analysis and forecasts, Xiaomi's electric vehicle sales are expected to achieve strong growth of three-digit percentages next year, with full-year shipments likely to reach 782,000 units. If realized, this business will contribute 30% to Xiaomi's total revenue.
This sustained growth trend is highly dependent on the continued release of production capacity, including the ramp-up of the production capacity of its second-phase factory and the possible advancement of the construction of the third-phase factory. The current waiting time for delivery of some models has been as long as a year.
In the first half of 2025, Xiaomi Motors achieved total sales of approximately 150,000 vehicles, of which the flagship model SU7 contributed the majority, with sales reaching 145,499 vehicles.
Judging from monthly data, from January to June, Xiaomi's monthly sales have remained at a high level, respectively: 22,897 vehicles in January, 23,728 vehicles in February, 29,244 vehicles in March, 28,585 vehicles in April, 28,013 vehicles in May and 25,459 vehicles in June.
In terms of market ranking, in the first half of 2025, Xiaomi Motors ranked fourth among new power brands. Although it fell behind Leapmotor (174,000 vehicles), Li Auto (167,000 vehicles) and Xpeng Motors (163,000 vehicles), it has surpassed NIO (89,000 vehicles).
