Update: This article was published on June 1, 2024. Xiaomi released revised figures on June 2 in a Hong Kong Stock Exchange announcement.
Xiaomi revises SU7 deliveries in May slightly upwards from 8,630 to 8,646 units
Xiaomi EV's deliveries in May rose 22.27 percent from April's 7,058, as it continues to face capacity bottlenecks.
Xiaomi EV, the car-making arm of Chinese smartphone giant Xiaomi (HKG: 1810, OTCMKTS: XIACY), saw a modest increase in deliveries in May from April, as it continues to face capacity bottlenecks.
The Xiaomi SU7 -- Xiaomi's first electric vehicle (EV) model -- delivered 8,630 vehicles in May, Lei Jun, the phone maker's founder, chairman, and CEO, said today at an auto industry conference.
The figure represents a 22.27 percent increase from 7,058 in April, CnEVPost calculations show.
The Xiaomi EV factory will start double-shift production in June to ensure delivery of more than 10,000 units in a single month, Lei said today.
Xiaomi launched the SU7 on March 28, offering three variants -- standard, Pro, and Max -- at a starting price of RMB 215,900 ($29,800), RMB 245,900, and RMB 299,900 respectively.
Deliveries of the standard and Max versions of the SU7 began on April 3, and deliveries of the SU7 Pro began in May.
On May 15, Xiaomi EV said it completed the delivery of its 10,000th SU7, and it was continuing its efforts to boost production capacity to ensure it meets its 100,000-unit delivery target this year.
On May 23, Xiaomi management said in an earnings call that Xiaomi EV will deliver at least 100,000 units for the full year 2024 and will challenge the 120,000-unit delivery target.
The Xiaomi EV factory will start double-shift production in June and will deliver at least 10,000 units that month, Xiaomi management said at the time.
The SU7 has gained unprecedented acceptance since its launch, and customers who order the SU7 currently have to wait at least 30 weeks for delivery, according to data monitored by CnEVPost.
On May 24, Xiaomi EV said the standard version of the SU7 was adding new batteries from CATL on top of the existing ones from FinDreams Battery as part of an effort to boost production capacity.
The standard version of the SU7 was initially launched with batteries supplied only by FinDreams Battery, BYD's battery division.
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