According to a recent LinkedIn post from EV Co, Chinese electronics maker Xiaomi has reportedly concluded production of its first-generation SU7 electric sedan after surpassing 381,000 cumulative deliveries. The post indicates that founder and CEO Lei Jun highlighted the milestone during a live broadcast, noting that the final unit is destined for his personal use.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
The LinkedIn post notes that the first-generation SU7, launched in March 2024 with deliveries starting in April, became a significant volume model in China’s competitive EV segment. Positioned against the Tesla Model 3, the vehicle reportedly averaged close to 20,000 monthly deliveries, which sector publication CNEV Post characterizes as unusually strong for a first-time automaker.
As described in the post, Xiaomi is preparing to launch a next-generation SU7 in April, with LiDAR to be offered as standard equipment and a higher starting price anticipated. This suggests a strategic move up the value chain, potentially improving margins but also testing price elasticity in a market where aggressive competition and discounting have been common.
For investors tracking EV Co’s sector exposure, the information shared about Xiaomi’s trajectory may underscore the intensifying pace of product cycles and technology adoption in China’s EV market. The post implies that sustained volume performance from new entrants like Xiaomi could pressure incumbents on pricing and feature content, while also reinforcing China’s role as a key battleground for global EV competitiveness.