According to a recent LinkedIn post from EV Co, Xiaomi has completed production of its first-generation SU7 electric sedan after surpassing 381,000 cumulative deliveries. The post notes that the final unit is destined for founder and CEO Lei Jun, underscoring the model’s significance as Xiaomi’s inaugural vehicle in China’s EV market.
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The company’s LinkedIn post highlights that the SU7, launched in March 2024 and positioned against the Tesla Model 3, averaged close to 20,000 monthly deliveries, which industry outlet CNEV Post characterizes as strong for a new automaker. The post also indicates that a next-generation SU7 will launch in April with LiDAR as standard equipment and a higher starting price, suggesting an upmarket shift that could support improved margins but may test demand elasticity.
As interpreted from the post, the successful first-gen production run and rapid transition to an updated model suggest Xiaomi is executing an aggressive product-refresh strategy in China’s fast-moving EV race. For investors, sustained volume at higher price points and enhanced technology content could be key to assessing Xiaomi’s long-term competitiveness and the capital intensity of its automotive ambitions.