Xiaomi aims to deliver 550,000 cars in 2026, following over 410,000 deliveries in 2025

Xiaomi (HKG: 1810, OTCMKTS: XIACY) aims to deliver 550,000 vehicles in 2026, as its existing models gain popularity and it prepares to launch new models to expand its product lineup.

Xiaomi founder, chairman, and CEO Lei Jun announced this target during a live stream on Saturday, representing a roughly 34% increase from the "over 410,000 units" he mentioned for 2025.

For 2025, Xiaomi's electric vehicle (EV) unit had targeted 350,000 deliveries, a goal achieved ahead of schedule in early December.

On January 1, Xiaomi EV said it delivered over 50,000 vehicles in December -- a record high -- without specifying the exact figure. The precise number is expected to be available later this month in the China Passenger Car Association (CPCA) report.

Xiaomi formally announced its entry into the automotive industry on March 30, 2021. Though a relatively latecomer among Chinese EV startups, it has become one of the fastest-growing players.

Its EV business achieved its first quarterly profit in the third quarter, when deliveries reached 108,796 units, according to financial results released on November 18.

Xiaomi's current lineup includes the SU7 series electric sedan, a competitor to Tesla (NASDAQ: TSLA) Model 3; and the YU7 SUV (sport utility vehicle), a rival to Tesla Model Y.

On December 30, local media outlet 36Kr reported that Xiaomi EV's preliminary 2026 plan involves launching four new models: a facelifted SU7 sedan, an executive version of the SU7, an extended-range five-seat SUV, and an extended-range seven-seat SUV.

The SU7 facelift and extended-range seven-seater SUV are tentatively scheduled for release in the first half of the year, while the SU7 executive edition and extended-range five-seater SUV are planned for the second half of 2026 through year-end.