A LinkedIn post from EV Co highlights March delivery data for Xiaomi EV, indicating 21,440 vehicles delivered and renewed momentum from the refreshed SU7 sedan. The post notes that total deliveries grew 5.03% month-on-month but fell 26.69% year-on-year, with February’s Chinese New Year and a model transition cited as key comparison factors.
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According to the post, the new SU7 began deliveries on March 23 and reached 7,882 units, supported by more than 40,000 orders reportedly locked in. While SU7 deliveries were down 73.05% year-on-year due to the transition, they rose more than 3,500% from February’s 218 units, suggesting a rapid ramp that could support improved utilization and revenue visibility in coming quarters.
The company’s YU7 SUV is described as remaining the main volume contributor despite a sequential decline, implying that Xiaomi EV’s mix is in flux as the SU7 scales. This shift toward the new sedan, if sustained, may influence average selling prices, margin structure, and competitive positioning against Tesla and other Chinese EV makers amid intensified price competition.
The post also characterizes Xiaomi EV’s pricing strategy as aggressive, suggesting an emphasis on volume capture in a crowded market. For investors, this could imply a trade-off between near-term profitability and market share expansion, with execution on the SU7 ramp and management of price-driven pressure on margins likely to be key determinants of the company’s medium-term financial performance.