Xiaomi Group (HKG: 1810) announced on June 1, 2026, that its automotive unit delivered more than 30,000 vehicles in May, the second consecutive month it has cleared that level. April had also exceeded 30,000 units, confirming the brand's stabilisation at that pace after a seasonally weak first quarter.

The Q1 2026 delivery count stood at 80,856 units, up 6.6% year-on-year, according to Xiaomi's first-quarter earnings report released May 26. The monthly pattern within the quarter was sharp: January accounted for 39,002 deliveries, while February and March came in at 20,414 and 21,440 respectively, reflecting the seasonal drag of the Lunar New Year period.

Xiaomi delivers 30,000 cars in May 2026 (Xiaomi Auto)

The EV and AI innovation segment generated 19.9 billion CNY (c. $2.9 billion) in Q1 revenue, up 6.9% year-on-year, with EV revenue alone at 19.0 billion CNY. Despite the delivery growth, the EV business posted an operating loss of 3.1 billion CNY (c. $458 million) for the quarter, attributed to a product transition and the holiday-driven volume dip in February and March.

Cumulative deliveries surpassed 655,000 units as of April 23, 2026. Xiaomi's SU7 sedan held the top position in China's 200,000 CNY-and-above pure electric sedan ranking for the January-to-April period, while the YU7 SUV ranked second in its equivalent pure electric SUV category, according to data cited in the earnings materials.

May also brought a significant expansion of the model lineup. On May 21, Xiaomi launched both the YU7 Standard and the YU7 GT. The Standard starts at 233,500 CNY (c. $34,500) and delivers a CLTC range of 643 km (399 miles). The YU7 GT starts at 389,900 CNY (c. $57,600) and set a production SUV Nürburgring Nordschleife record of 7 minutes 34.931 seconds ahead of its official launch. Deliveries of the YU7 Standard began May 26, with the GT entering production delivery in the same month.

Xiaomi has set an annual delivery target of 550,000 units for 2026. Through the first five months, cumulative volume totals roughly 141,000 vehicles — an average of approximately 28,200 per month, still below the 45,800 monthly pace required to hit the annual goal. Management has flagged that production capacity across facilities in Beijing and Wuhan is being expanded to support higher run-rates in the second half.

Whether the broadened YU7 lineup, combined with the SU7's sustained demand, can push monthly volumes toward 45,000 or more will define whether the 550,000-unit target remains within reach.