Xiaomi Group has released its Q3 2025 financial results, showing strong growth in its electric vehicle (EV) division. During the earnings call, Lu Weibing, Partner and President of Xiaomi Group, announced that Xiaomi EV is on track to reach its annual delivery goal of 350,000 vehicles this week.
The company delivered over 100,000 EVs in Q3 alone, bringing total deliveries for the first three quarters to more than 260,000 units. This performance highlights Xiaomi’s rapid production scale-up and increasing efficiency in meeting market demand.
Delivery Growth Accelerates Rapidly
Xiaomi EV’s delivery speed has improved significantly. It took 230 days to deliver the first 100,000 vehicles. The next 200,000 units were delivered in just 232 days, effectively doubling the company’s delivery capability.
Q3 2025 was particularly strong. In September, Xiaomi EV set a monthly record with 40,023 vehicles delivered. The momentum continued in October, with deliveries once again exceeding 40,000 units. This demonstrates both rising demand and Xiaomi’s growing production strength.
Innovative Business Division Turns Profitable
Xiaomi’s innovative business segment, which includes smart EVs and AI technologies, achieved quarterly operating profitability for the first time in Q3. The division reported 700 million yuan in operating revenue, showing that the company’s investment in next-generation technologies is starting to pay off.
Industry analysts at Citi estimate that, based on current weekly delivery rates of over 10,000 vehicles, Xiaomi could approach 400,000 units in full-year shipments, surpassing its initial target. This would mark one of the fastest growth trajectories in China’s EV market.
Shorter Delivery Times Improve Customer Experience
Delivery times have also shortened, now ranging from 28 to 38 weeks. Faster deliveries not only improve customer satisfaction but also reflect Xiaomi’s operational efficiency. By streamlining production and supply chain management, Xiaomi can meet demand more effectively while keeping buyers engaged and satisfied.
Retail Expansion Supports Growth
Xiaomi continues to grow its retail network to support the EV business. As of October 2025, the company operates 424 stores in 125 cities. In November, Xiaomi plans to open 17 new stores and expand into eight additional cities, increasing accessibility for customers.
By combining physical stores with online channels, Xiaomi ensures customers can experience vehicles firsthand, receive personalised support, and purchase vehicles conveniently. This integrated approach strengthens the brand and drives sales growth.
Key Factors Behind Xiaomi EV’s Success
Several factors have contributed to Xiaomi EV’s strong performance:
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Faster Production: Doubling delivery speed within a short period shows strong manufacturing capability.
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High Monthly Volumes: Delivering over 40,000 vehicles for consecutive months demonstrates growing demand.
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Profitability in Innovation: Achieving operating profit shows that Xiaomi’s EV and AI investments are financially sustainable.
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Shorter Lead Times: Reduced delivery periods enhance customer satisfaction and loyalty.
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Retail Expansion: Opening new stores in key cities increases brand presence and accessibility.
These factors position Xiaomi as a strong competitor in China’s EV market, balancing production scale, innovation, and customer experience.
Outlook for the Rest of 2025
If current trends continue, Xiaomi EV is on track to exceed its annual target of 350,000 units and could reach 400,000 deliveries by the end of the year. This milestone would place Xiaomi among the fastest-growing EV manufacturers in China.
With expanding retail operations and shorter delivery times, the company is well-prepared to meet rising demand and continue its growth trajectory into 2026. Xiaomi’s combination of efficient production, strong customer experience, and financial sustainability provides a solid foundation for future success.
Conclusion
Xiaomi EV’s Q3 2025 results reflect a pivotal moment in the company’s growth. Record deliveries, accelerated production, and the first-ever operating profitability in its innovative business segment highlight Xiaomi’s increasing influence in the EV market.
With over 100,000 units delivered in Q3, total shipments surpassing 260,000, and the potential to reach 400,000 by year-end, Xiaomi EV is not only scaling quickly but also establishing itself as a key player in China’s competitive electric vehicle market. By combining operational efficiency, retail expansion, and strong financial performance, Xiaomi EV is poised for continued growth and long-term success.
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