Xiaomi Auto Surpasses RMB 100 Billion in Revenue in Its First Year

[Company Financial Report] Xiaomi Group reported total revenue of RMB 457.3 billion in 2025, with its automotive business generating RMB 106.1 billion in its first year.

Core Developments: Automobiles Become Growth Engine, Driven by Dual Hit Models SU7 and YU7

Xiaomi Auto delivered 411,082 vehicles in 2025, a year-over-year surge of 200.4%; the SU7 became the best-selling domestic sedan priced above RMB 200,000, while the YU7 led the mid-to-large SUV segment for seven consecutive months.

Key Metrics: Gross Margin of Emerging Businesses Soars

Revenue from smart electric vehicles and other innovative businesses (including AI) reached RMB 106.1 billion (+223.8%), contributing an operating profit of RMB 900 million, and lifting the group’s overall gross margin to 24.3% (+5.8 percentage points).

Strategic Foundation: Accelerated Product Iteration Delivers Results

The next-generation SU7 launched in March 2026, with a uniform price increase of RMB 4,000 across all trims yet maintaining strong order momentum. Lei Jun has set a delivery target of 550,000 units for 2026.