Transportation

Xiaomi Rides EV Success With Ambitious Delivery Target for 2026

A Xiaomi Corp. electric SUV at one of the company's stores in Shanghai.
Photographer: Qilai Shen/Bloomberg

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By Linda Lew

January 3, 2026 at 3:28 PM UTC

Xiaomi Corp. is looking to build on a breakout year for its electric vehicle business, raising its delivery target to 550,000 units in 2026 as it seeks to boost its share of China’s fiercely competitive market and make inroads overseas.

Billionaire founder Lei Jun announced the target, which is up 34% from last year’s sales of 410,000 vehicles, during a livestream on Saturday.