Xiaomi's EV Push Hits 40,000 Monthly Deliveries as Sky Nomad Orders Top 70,000

Xiaomi delivered over 40,000 EVs in September, a new 2026 high, as Sky Nomad orders topped 70,000. Citi sees Q3 as the year's weakest stretch.

Xiaomi cleared a symbolic threshold in September, handing over more than 40,000 electric vehicles in a single month for the first time and setting a fresh high for the year. The figure marks a decisive step up from the 30,153 units delivered in August and the 31,267 cars moved in July, suggesting the automaker's ramp-up gathered real momentum as the third quarter drew to a close.

Cumulatively, the group has now delivered at least 286,475 vehicles to customers between January and September. That puts Xiaomi roughly 52 percent of the way toward its own full-year target of 550,000 units — a gap that will demand a substantially higher monthly run-rate than September's if the company is to close it before year-end.

Sky Nomad Drives the Order Book

The latest surge in demand traces largely to the Sky Nomad line. Its N70 and N90 variants together notched more than 10,000 deliveries in their first month on sale, while incoming orders for the series have surpassed 70,000, according to the company.

Waiting times vary by trim. Buyers of the N70 Pro and N70 Max face six to eight weeks, whereas the larger N90 Max carries a lead time of more than twelve weeks. For the SU7 sedan range, delivery runs five to eight weeks, with the flagship SU7 Ultra slated to reach customers by December 2026.

Xiaomi has so far kept detailed figures for individual model lines close to its chest — data that market participants watch closely for signals on production-line utilization and real demand across price tiers.

Citi Flags a Soft Patch — and an Opening

Analysts at Citi expect the third quarter of 2026 to mark the weakest stretch of the year. While that could weigh on the share price in the near term, the bank views it as an attractive entry point.

The equity has yet to mirror the operational energy in the vehicle business. At a current price of EUR 2.83, the stock is down 35 percent since the start of the year. In today's session the shares edged up 0.2 percent to EUR 2.84, trimming the year-to-date decline to 34 percent.

Smartphones, Software and AI Round Out the Story

Beyond cars, Xiaomi is pushing ahead on its legacy consumer business. Media reports point to the unveiling of the Redmi 17C 5G in India today, a model aimed at high-volume markets as the group defends share in the entry-level and mid-range segments.

On the software side, Xiaomi said it will begin rolling out the stable version of its HyperOS 4 operating system in its Chinese home market on October 15. The company also released its multimodal AI models, MiMo-V2.6 Pro and Flash, under the open-source MIT license on September 22. Over time, these building blocks are meant to deepen the interplay between smartphones, home appliances and the new EVs inside Xiaomi's own ecosystem.

Hardware pricing is shifting as well. Xiaomi President Lu Weibing has signaled higher prices for the Xiaomi 18 Pro line, citing extensive technical upgrades including a 2-nanometer processor platform and a 200-megapixel camera system co-developed with Leica. Management has not yet disclosed concrete retail prices ahead of the launch.

The move into intelligent vehicles ranks among the group's most important strategic pillars — and September's delivery record offers the clearest evidence yet that the bet is gaining traction, even as the stock continues to search for its footing.