Summary
– Xiaomi EV’s deliveries in May increased by 22.27% from April
– Xiaomi factory will start double-shift production in June aiming for over 10,000 deliveries in a single month
– Xiaomi SU7 model offered in three variants with deliveries starting in April and May
– Xiaomi EV plans to deliver at least 100,000 units in 2024, aiming for 120,000 in deliveries
– SU7 customers have to wait at least 30 weeks for delivery; additional batteries being added to boost production capacity
Article
Xiaomi’s electric vehicle (EV) deliveries in May saw a 22.27 percent increase from April, with the Xiaomi SU7 model delivering 8,630 units. The company continues to face capacity bottlenecks but plans to start double-shift production in June to deliver more than 10,000 units in a single month. The SU7, Xiaomi’s first EV, was launched in March and offered in three variants with different price points. Deliveries of the standard and Max versions began in April, while deliveries of the Pro version started in May. The company aims to deliver at least 100,000 units by the end of 2024 and hopes to challenge a target of 120,000 units.
Xiaomi EV completed the delivery of its 10,000th SU7 on May 15 and is working to boost production capacity to meet its delivery targets. Customers who order the SU7 currently face a waiting period of at least 30 weeks. In an effort to increase production capacity, the company announced that the standard version of the SU7 would now include batteries from CATL in addition to those from FinDreams Battery. Initially, the standard version had batteries provided only by FinDreams Battery, which is BYD’s battery division. The company’s management remains committed to increasing production and meeting its delivery goals.
On May 23, Xiaomi EV’s management announced in an earnings call that the company aims to deliver at least 100,000 units by the end of 2024 and may even surpass that target to reach 120,000 units. The company’s plans to start double-shift production in June highlight its determination to meet its delivery goals and address capacity challenges. The SU7 model has gained significant popularity since its launch, contributing to the longer waiting periods for customers who have ordered the vehicle. Xiaomi’s commitment to increasing production capacity and improving delivery times demonstrates its focus on meeting customer demand and achieving its goals.
Lei Jun, the founder, chairman, and CEO of Xiaomi, revealed during an auto industry conference that the Xiaomi EV factory will implement double-shift production in June, aiming to deliver more than 10,000 units in a single month. The company’s efforts to ramp up production come as it faces capacity bottlenecks while experiencing growing demand for its electric vehicles. The SU7 model has been well-received since its launch, with customers having to wait several weeks for delivery. Xiaomi’s focus on increasing production capacity and expanding its delivery network reflects its commitment to meeting customer needs and achieving its delivery targets. The company’s plans to challenge the 120,000-unit delivery target indicate its ambition to make a significant impact in the electric vehicle market.
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