- Deutsche Bank expects Xiaomi to deliver 100,000 YU7 SUVs and 280,000 SU7 sedans in 2025.
- The official launch of the YU7 will be in July.
Deutsche Bank expects Xiaomi (HKG: 1810, OTCMKTS: XIACY) to deliver 100,000 YU7 units in 2025, with the electric SUV (sport utility vehicle) making its debut yesterday.
"We expect 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," said analyst Wang Bin's team in a research note today.
Xiaomi introduced the YU7's key specs and features yesterday, saying the official launch will be in July.
Wang's team expects that YU7 deliveries could start 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 in a Weibo post that Xiaomi EV had upped its vehicle delivery target to 350,000 units for the full year 2025.
The current bottleneck in Xiaomi EV's deliveries is capacity, and customers who order the SU7 -- its first model -- now still have to wait 40-50 weeks for delivery, according to the Xiaomi EV App.
The first phase of the Xiaomi EV factory was completed in 2023, and deliveries of the Xiaomi SU7 began in April 2024.
The factory began double-shift production in June 2024, Xiaomi said in its second-quarter earnings report last year.
The second phase of Xiaomi's EV plant is under construction and is expected to be completed by mid-June, according to a report in local media outlet Time Weekly earlier this week.
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