Xiaomi Group launched its Q1 2025 monetary report yesterday. The report reveals vital progress in its electrical car enterprise, with 75,869 SU7 sequence automobiles delivered in the course of the quarter. The corporate introduced plans to develop manufacturing capability, with cumulative deliveries of the SU7 sequence now exceeding 258,000 items.
Within the first quarter of 2025, Xiaomi’s sensible electrical car and AI innovation enterprise phase generated complete income of 18.6 billion yuan (2.58 billion USD). Electrical car gross sales accounted for 18.1 billion yuan(2.51 billion USD), whereas different associated companies contributed 500 million yuan (70 million USD).
The sensible electrical car and AI phase reported a gross revenue margin of 23.2% for the quarter, with an working lack of 500 million yuan (70 million USD). Based mostly on these figures, Xiaomi’s electrical car enterprise posted a mean lack of 6,500 yuan (903 USD) per car in Q1 2025, a considerable enchancment from 2024 when the corporate’s EV division recorded a internet lack of 6.2 billion yuan (862 million USD) on 136,854 delivered automobiles, representing a mean lack of roughly 45,000 yuan (6,250 USD) per unit.
Addressing the losses, Xiaomi Group Companion and President Lu Weibing beforehand defined that the corporate’s automotive enterprise continues to be in its early phases and hasn’t but achieved enough scale. He famous that heavy preliminary investments and value allocation led to early-stage losses with self-built factories and proprietary core applied sciences, following the sample seen throughout the electrical car business. Lu predicted that as supply volumes improve, losses will proceed to slender as economies of scale change into extra obvious.
Given present traits, significantly the robust demand for the higher-priced SU7 Extremely mannequin, Xiaomi’s automotive enterprise is on monitor to interrupt even or start producing income in Q2 2025 doubtlessly.
In the course of the earnings name, Lu Weibing additionally highlighted the enthusiastic market response to Xiaomi’s upcoming YU7 mannequin. He revealed that following the YU7’s pre-release, buyer curiosity has exceeded that of the SU7 at a comparable stage. As of Might 25, the variety of customers offering contact data after the “YU7 Know-how Launch Occasion” was roughly thrice larger than for the SU7’s launch occasion throughout the identical interval.
“The YU7 appeals to a broader viewers than the SU7, and we’re very assured about its prospects,” Lu said.
The YU7 is scheduled for official launch in July this 12 months, with rumours suggesting a beginning value of 245,900 yuan (34,000 USD). This positions it competitively towards Tesla’s refreshed Mannequin Y, which begins at 263,500 yuan (36,600 USD) for the usual vary model and 313,500 yuan (43,5 USD) for the all-wheel drive long-range model.
