According to a recent LinkedIn post from EV Co, consumer-electronics giant Xiaomi has reportedly wrapped production of its first-generation SU7 electric sedan after surpassing 381,000 cumulative deliveries. The post cites comments from founder and CEO Lei Jun, who indicated that the final first-gen vehicle is being delivered to him personally, signaling the formal close of the initial production run.
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The LinkedIn post highlights that the SU7, launched in March 2024 with deliveries starting in April 2024, has emerged as a significant volume model in China’s competitive EV segment. Positioned against the Tesla Model 3, the sedan is reported to have averaged close to 20,000 monthly deliveries, an unusually strong showing for a first-time automaker according to referenced media outlet CNEV Post.
The post further suggests that a next-generation SU7 is scheduled to launch in April with LiDAR included as standard equipment and a higher starting price. This shift toward more advanced driver-assistance hardware and premium pricing could indicate Xiaomi’s confidence in demand elasticity and its ability to move the product upmarket while preserving volume.
For investors monitoring EV Co’s coverage of the sector, the update underscores the rapid pace of model cycles and feature upgrades in China’s EV race. If Xiaomi successfully transitions customers to the higher-priced next-gen SU7 while maintaining its delivery momentum, it could reinforce the company’s competitive position and support higher revenue per vehicle, with implications for peers and supply-chain partners across the EV ecosystem.