Xiaomi's EV Division Hits Major Delivery Milestone Amid Strategic Moves

Xiaomi KYG9830T1067

Chinese technology giant Xiaomi has achieved a significant benchmark in its electric vehicle (EV) venture, reporting cumulative deliveries exceeding 600,000 units since its market debut in April 2024. This operational milestone coincides with the company's ongoing share repurchase initiative, underscoring a dual-pronged strategy to navigate a competitive domestic landscape.

In a move reflecting management's outlook, Xiaomi executed another substantial repurchase of its own shares yesterday. The transaction involved 1.5 million shares at an approximate cost of HK$54.7 million. This activity is part of a consistent pattern observed since the start of the year, following the company's late-January announcement of an automated buyback program authorized for up to HK$2.5 billion.

Market observers view these repurchases as a strategic response to current headwinds, including rising component costs linked to potential memory chip shortages and fierce price competition within China's EV sector. The buyback program is widely interpreted as a signal of the board's confidence in the firm's long-term trajectory.

Rapid Ascent in the EV Market

The delivery figure of over 600,000 vehicles highlights the remarkable speed of Xiaomi's integration into China's crowded electric vehicle industry. A breakdown of recent performance illustrates this rapid scaling:

• Full Year 2025: Vehicle deliveries surpassed 410,000 units.
• December 2025: More than 50,000 units were delivered in a single month.
• January 2026: The company delivered 39,000 vehicles.

This performance has cemented Xiaomi EV's position as a formidable new competitor in a remarkably short timeframe, despite entering a market characterized by intense rivalry and pricing pressures.

Regulatory Alignment and Future Roadmap

Alongside its delivery announcement, Xiaomi EV expressed support for newly introduced Chinese regulatory guidelines governing pricing and sales practices in the automotive industry. These compliance directives are designed by authorities to foster sustainable and healthy sectoral development.

Operating in this demanding environment, Xiaomi continues to pursue a long-term strategy. This includes investments in proprietary semiconductor development and laying the groundwork for the international expansion of its EV business. The achievement of the 600,000-delivery mark is positioned as an intermediate step, with the company focused on further scaling its automotive operations.