Xiaomi Auto's 2025 financial report reveals smart EV revenue surpassing 100 billion RMB for the first time at 106.1 billion, with over 410,000 deliveries and annual profitability. In July 2026, Xiaomi officially announced SkyNomad, a new EREV SUV series targeting family-oriented large-space mobility. The first model is expected in H2 2026 with 400-500km EV range and approximately 1,500km total range.
The Growth Engine Behind 100 Billion Revenue
In March 2026, Xiaomi Group released its full-year 2025 financial results. The smart EV and AI innovation business revenue reached 106.1 billion RMB for the first time, surging 223.8% year-over-year. This segment's share of total group revenue jumped from 9% in 2024 to 23.2%, making automotive Xiaomi's second growth pillar.
Behind this revenue lies solid delivery performance. In 2025, Xiaomi Auto delivered 411,082 vehicles, up 200.4% year-over-year. SU7 dominated the 200,000+ RMB sedan segment, while YU7 led the mid-large SUV category for seven consecutive months. Crucially, the auto business achieved its first annual operating profit of 900 million RMB, with gross margin improving from 18.5% in 2024 to 24.3% — proving Xiaomi closed the profitability loop in under two years.
Product Mix Upgrade and Profitability Path
Xiaomi's profit formula centers on three drivers:
- Scale economies: Concentrating resources on hit models like SU7 and YU7 optimized supply chain costs
- Premium mix shift: SU7 Ultra and YU7 variants boosted 2025 average selling price to 251,000 RMB
- Channel efficiency: New retail model operates at 2-3x the efficiency of traditional dealerships
- Focus resources on blockbuster models to reduce per-unit R&D costs
- High-spec variants lift ASP and gross margins
- Scale deliveries amortize fixed costs
- Direct sales network minimizes distribution overhead
SkyNomad: Xiaomi's New Card in the EREV Race
On July 8, 2026, Xiaomi officially announced SkyNomad (Chinese name: 澎程), its third product line after SU7 and YU7. Unlike the speed-focused pure-electric lineup, SkyNomad is a range-extended large SUV targeting family travel and outdoor living.
| Dimension | SkyNomad | SU7/YU7 Series |
|---|---|---|
| Powertrain | EREV | BEV |
| Body Length | Over 5.3m | ~5.0m |
| Seating | 5/7 seats | 5 seats |
| EV Range | 400-500km | Up to 800km |
| Total Range | ~1,500km | - |
| Target Market | Family/Outdoor | Sport/Urban |
The first model, codenamed Kunlun N3, is slated for H2 2026 launch. It features a 1.5T range extender, with select variants reportedly offering roof-raising mechanisms for RV-like functionality. For vast territories like Central Asia and Russia where charging infrastructure remains limited, EREV SUVs offer significant advantages in range flexibility and fuel-based refueling. Xiaomi's 2026 delivery target of 550,000 units — with roughly 180,000 achieved in H1 — makes SkyNomad's H2 launch a critical variable.
EX1000.COM continues tracking Xiaomi Auto's global expansion, providing Central Asian and Russian buyers with timely updates and purchasing references.
