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.
Industry analysts suggest that the higher delivery target reflects strong initial demand for Xiaomi’s EVs, as well as the company’s aggressive production scaling efforts. Xiaomi has been ramping up manufacturing capacity and expanding its supply chain partnerships to meet growing customer interest.
The move also aligns with China’s broader push toward electric mobility, with government policies and incentives driving the transition to cleaner energy vehicles. However, Xiaomi faces stiff competition from both domestic and international automakers in an increasingly crowded market.
Lei Jun has previously stated that Xiaomi aims to become a top player in the global EV industry over the next decade, with a commitment to investing heavily in research, development, and manufacturing. The company has pledged to invest $10 billion in its EV business over the next ten years.
With the revised target of 350,000 units for 2025, Xiaomi is signaling its ambition to scale up production and capture a significant share of China’s booming EV sector. Whether the company can meet this ambitious goal will depend on factors such as supply chain stability, market demand, and competitive pricing strategies.
