- Chinese customers buying the Xiaomi SU7 are now facing longer delivery waits than when the model was launched.
- Xiaomi has already delivered 180,000 SU7s and there are still 140,000-150,000 vehicles waiting to be delivered.
Xiaomi (HKG: 1810, OTCMKTS: XIACY) has had great success with its first electric vehicle (EV) model, the SU7, and the electric sedan now has even more appeal than it did right after its launch a year ago.
Chinese customers who buy the Xiaomi SU7 are now facing delivery wait times that have exceeded the model's expected delivery cycles a year ago, CnEVPost's daily monitoring of the Xiaomi EV App shows.
Xiaomi officially launched the SU7 on March 28, 2024, offering three versions -- Standard, Pro, and Max -- with starting prices of RMB 215,900 ($29,840), RMB 245,900, and RMB 299,900, respectively.
Deliveries of the Standard and Max versions of the SU7 began in April, and deliveries of the SU7 Pro began in May.
Chinese customers ordering the standard version of the Xiaomi SU7 would now have to wait 35-38 weeks for delivery, significantly longer than the roughly 28 weeks it took when deliveries of the model first began, CnEVPost's daily monitoring since April 15, 2024 shows.
The SU7 Pro now has a 33-36 week wait for delivery, also up from about 28 weeks in mid-April last year.
The SU7 Max now has a wait time of 28-31 weeks, about the same as a year ago.
Delivery wait times for all three variants of the Xiaomi SU7 saw a brief slight uptick in April last year, but saw a decline from May to August.
The wait times for the SU7 remained largely flat from mid-August to the end of October last year, but saw another significant dip from November to December, with the SU7 Max falling to 16-19 weeks at one point.
Heading into 2025, the electric sedan's delivery wait times continue to lengthen, despite the Chinese auto market entering a slow season early in the year.
Longer delivery wait times for the SU7 are rare, considering that in the vast majority of other EV model cases, delivery wait times would see a continued decline post-launch as production capacity ramps up.
By the end of 2024, the SU7 had been on the market for just nine months and had accumulated more than 248,000 locked-in orders, Lei Jun, founder, chairman and CEO of Xiaomi, said at a February 27 launch event for the SU7 Ultra.
Throughout 2024, the Xiaomi SU7 accumulated over 135,000 deliveries, Lei said at the launch event, repeating a previously mentioned number.
The SU7 Ultra is Xiaomi EV's ultra-performance electric sedan based on the regular SU7, with a starting price of RMB 529,900.
Deliveries of the SU7 Ultra began on March 2, and the current expected delivery wait time is 9-12 weeks.
On March 1, Xiaomi said the SU7 has seen over 20,000 monthly deliveries for five consecutive months, bringing cumulative deliveries to over 180,000 units.
Lei said at a panel discussion during China's two sessions yesterday that cumulative sales of the Xiaomi SU7 exceeded 320,000 units in the 11 months it was on the market, according to a video posted by Beijing Daily.
Xiaomi had delivered 180,000 SU7s, and there are still 140,000-150,000 vehicles waiting to be delivered, Lei said.
The company has a factory in Beijing, where it is headquartered, with an annual capacity of 150,000 units for the first phase currently in operation.
It is currently building phase 2 of its plant, which also has a planned annual capacity of 150,000 units.
($1 = RMB 7.2365)
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