Xiaomi Raise 2024 Delivery Target Of Its Fast-selling SU7 EV From 120,000 To 130,000

Xiaomi raised 2024 delivery target of its fast-selling Speed Ultra 7 Electric Vehicle from 120,000 to 130,000.

Xiaomi initially set to deliver 76,000 units this year but later revised it to 100,000 deliveries and then to 120,000 units.

In Q3, the Chinese company delivered 39,790 SU7s and a total of 67,157 vehicles as of September 30th 2024.

In October, deliveries exceeded 20,000 vehicles while cumulative production reached 100,000 vehicles on November 13.

China’s Xiaomi has again raised the delivery target of its SU7 (SU stands for Speed Ultra) to 130,000 units for the entire year of 2024 due to surging demand for the Electric Vehicle (EV), the company said in its 2024 Q3 revenue report.

First launched in March 2024 with a starting price of 215,900 yuan (or about $30,000), Xiaomi initially set to deliver 76,000 units this year but later revised it to 100,000 deliveries and then to 120,000 units to cope with the overwhelming demand.

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In its 2024 Q3 revenue report, Xiaomi said 39,790 SU7s were delivered in the quarter and a total of 67,157 vehicles as of September 30th 2024. In October, deliveries exceeded 20,000 vehicles while Xiaomi achieved a cumulative production of 100,000 vehicles on November 13, 2024.

“Xiaomi will strive to achieve the delivering of 130,000 vehicles for the entire year of 2024. Xiaomi’s sales and service network is also rapidly expanding, with 127 smart EV sales centres across 38 cities in mainland China as of September 30, 2024, driving the Group to speed up the delivery.”

Last month, a prototype SU7 Ultra (high-performance variant) broke the record for “The Nürburgring Nordschleife World’s Fastest Four-Door Car” after completing its Nürburgring Nordschleife lap challenge with a time of 6’ 46”874.

Pre-orders are now open for the mass-produced Xiaomi SU7 Ultra, which is scheduled for official release in March 2025. Priced at RMB814,900 ($112,00), pre-orders of the SU7 Ultra reached 3,680 vehicles within the first 10 minutes of its launch last month.

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