Xiaomi’s electric vehicle unit delivered more than 30,000 vehicles in April 2026, marking a 50% month-on-month increase and the fastest monthly growth this year [1]. The company’s EV deliveries for January through April 2026 reached 109,000 units, an 11% rise compared to the same period in 2025 [1].
Investors responded positively to the delivery surge, sending Xiaomi shares up as much as 11% in early trade on Monday before closing 6.8% higher at HK$30.98 on the Hong Kong Stock Exchange [1]. Trading turnover on the main board hit HK$7.3 billion (US$931 million), making Xiaomi one of the most actively traded stocks that day [1].
The growth momentum largely stemmed from strong demand for Xiaomi’s newly launched SU7 smart sedan, which debuted in late March 2026 [1]. As of May 4, the company reported that orders for the SU7 had surpassed 70,000 units. Xiaomi founder and CEO Lei Jun said, “The orders for the new-generation SU7 have already exceeded 70,000 as of yesterday” [1].
To sustain order momentum, Xiaomi is offering limited-time incentives including low-interest financing and bundled features [1]. Despite the delivery figures, some analysts warned that profit growth might lag due to the cost of subsidies and promotional programs supporting the sales boost [1].
Xiaomi confirmed its April delivery gain outpaced earlier months, highlighting the impact of the SU7’s launch and accompanying sales support. The company aims to maintain aggressive EV growth as it expands its market share in China.
Xiaomi will report its full first-quarter earnings later this month, providing more details on profitability and EV business performance.
