Deutsche Bank expects Xiaomi to deliver 100,000 YU7 SUV units in 2025

Deutsche Bank expects Xiaomi to deliver 100,000 units of the YU7 SUV in full-year 2025, with 280,000 units of full-year delivery volume for the SU7 sedan, according to a a research note today. Xiaomi introduced the YU7's key specs and features yesterday, saying the official launch will be in July. Xiaomi's electric vehicle (EV) unit, Xiaomi EV, had originally planned to deliver 300,000 units in 2025, which is the combined capacity of two phases of its Beijing plant. 

On March 18, Xiaomi founder, chairman, and Ceo Lei Jun announced that Xiaomi EV had upped its vehicle delivery target to 350,000 units for the full year 2025. Xiaomi is a latecomer to the Chinese EV market, but the SU7's sales, have proven its success. Since its launch in March 2024, the SU7 sedan series has cumulatively sold more than 258,000 units, Lei said. 

The success of SU7 has made Xiaomi one of the largest players in the global battery electric vehicle (BEV) market in a very short time. Xiaomi came in at No. 8 with a 2.8 percent share of global BEV sales in the first quarter, according to a report by market research firm TrendForce. Xiaomi was the only one in the top 10 with just one model, TrendForce noted.