Xiaomi EV about to reach its yearly sales target, records first profitable quarter

Xiaomi is celebrating two major victories this week. The company announced that its electric vehicle division, known as Xiaomi EV, is on track to meet its ambitious annual delivery target of 350,000 units before this week ends.

The financial results for the third quarter of 2025 revealed that the company's innovative business segment - the one housing its smart EVs and artificial intelligence projects - has finally achieved operating profitability. This is a critical sign that the push into advanced mobility is paying off, and company President Lu Weibing confirmed the delivery success shortly after the new financial report dropped.

The unprecedented speed of Xiaomi's production surge demonstrates how fast a major tech company can learn to mass-produce electric cars. The manufacturer's first 100,000 vehicle deliveries took 230 days to accomplish.

That pace might seem quick enough, but the company then delivered the next 200,000 vehicles in only 232 days. Essentially, the team managed to double their delivery capacity with efficiency gains in a remarkably short time. This rapid acceleration pushed the cumulative deliveries for the first three quarters of the year past 260,000 units.

The third quarter stands out as a critical period for this rapid growth. Monthly delivery volumes broke records in September, hitting a new high for the brand with 40,023 units leaving the factory floors. This tremendous momentum did not slow down in October, as deliveries again topped the 40,000 mark.

The current pace of production, which exceeds 10,000 vehicles delivered every week, brought up some forecasts to suggest Xiaomi's total shipments for the full year could actually reach close to 400,000 units, going well over the original internal goal of 350,000.

Metal and tires aside, the financial side of the EV business offers a truly interesting story. In its first step toward fiscal maturity, the innovative division of Xiaomi posted its first quarterly operating profit. The total operating revenue from this segment reached RMB 700 million for the quarter. This is important because it proves that manufacturing high-tech EVs does not have to be a money-losing venture, even in the early stages.

For years, critics assumed the margin on these complex vehicles would be too thin to sustain profit, but the Xiaomi balance sheet now tells a different tale, indicating successful cost management alongside booming demand.

Serving this growing demand requires a matching retail footprint, and as of the end of October 2025, Xiaomi operated 424 stores across 125 cities, ensuring a wide distribution network for its vehicles. The company clearly recognizes the need to keep expanding, with plans to open 17 new stores and launch into eight new cities next month alone.

On the customer side, demand remains intense. Buyers currently wait between 28 and 38 weeks for their new car to arrive, a period of time that is now stabilizing after earlier peaks. That is still a long wait, but the fact that delivery times are shortening reflects Xiaomi's ability to manage its complex production pipeline more effectively.

Via