JOURNAL ARTICLE

Xiaomi Rides EV Success With Ambitious Delivery Target for 2026.

  • Published In: Bloomberg.com, 2026. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Lew, Linda 3 of 3

Abstract

The article focuses on Xiaomi Corp.'s ambitious plans to expand its electric vehicle (EV) business, setting a delivery target of 550,000 units by 2026, which represents a 34% increase from the previous year's sales of 410,000 vehicles. The company's founder, Lei Jun, announced this target during a livestream, highlighting that Xiaomi's EV division became profitable within 18 months of launching its first electric sedan, a quicker timeline than Tesla Inc. faced. Despite facing challenges in China's competitive EV market, including regulatory scrutiny following accidents involving its SU7 model, Xiaomi is also planning to diversify its vehicle lineup and enter chip production with the introduction of the Xring O1 chip. The company anticipates potential supply issues in memory chips that could affect its smartphone business. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2026/01, pN.PAG
  • Document Type:Article
  • Subject Area:Business and Management
  • Publication Date:2026
  • Accession Number:190643849
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