Xiaomi Ups 2025 EV Delivery Goal to 400,000 After Breaking Even

Xiaomi Corp. now expects to deliver more than 400,000 cars this year, showing accelerating momentum from an electric vehicle business that’s become profitable much faster than its peers.

The electronics producer said in its third-quarter earnings call that it’s due to hit its earlier target of delivering 350,000 units by this week, with Chief Executive Officer Lei Jun sharing on social media the updated goal and celebrating Xiaomi’s 500,000th vehicle rolling off the production line on Thursday.