Xiaomi Group reported Q1 2026 revenue of RMB 99.1 billion, with 80,856 EV deliveries. The YU7 GT set a Nürburgring SUV lap record of 7:22.755, priced at RMB 389,900. The SU7 and YU7 series now lead the premium EV market above RMB 200,000.
Financial Highlights: Auto Business Becomes a New Growth Engine
In Q1 2026, Xiaomi Group delivered results that exceeded market expectations. Total revenue reached RMB 99.1 billion, with adjusted net profit of RMB 6.1 billion. The smart EV and AI innovation segment contributed RMB 19.9 billion, up 6.9% year-over-year.
Key automotive metrics were even more impressive:
- Quarterly deliveries reached 80,856 units, up 6.6% YoY
- Cumulative deliveries exceeded 655,000 as of April 23
- Xiaomi YU7 series surpassed 230,000 deliveries in 10 months
- New-gen SU7 delivered 26,000 units in 35 days, with 80,000+ locked orders
Premium Strategy Shows Early Results
Xiaomi Auto is proving itself with product strength and data. According to Yiche's Jan-Apr 2026 retail rankings:
| Model | Segment | Rank |
|---|---|---|
| Xiaomi SU7 | BEV sedan above RMB 200K | No.1 |
| Xiaomi YU7 | BEV SUV above RMB 200K | No.2 |
This means Xiaomi has built stable competitive barriers in the premium NEV market. Overseas buyers sourcing through EX1000.COM are increasingly adding Xiaomi to their procurement shortlists.
YU7 GT: Balancing Performance and Business
On May 21, the YU7 family evolved significantly with two new variants:
- YU7 Standard: RMB 233,500, focusing on value
- YU7 GT: RMB 389,900, performance flagship
The YU7 GT, developed with Xiaomi's European R&D center, set a Nürburgring SUV lap record of 7:22.755, becoming the fastest SUV ever at the track. This enhances the brand's technical image and sets a performance benchmark for overseas markets.
What Overseas Buyers Should Watch
For buyers in Central Asia and Russia, Xiaomi Auto's appeal lies in:
- Smart features: End-to-end intelligent driving and cockpit experience
- Performance: Nürburgring lap time endorsement for driving enthusiasts
- Price competitiveness: Significant advantage over European equivalents
Risks and Outlook
Despite positive data, watch these variables:
- Can production ramp-up match order growth?
- Overseas certification and channel progress
- Will premium positioning affect mass-market expansion?
Xiaomi Auto's story has shifted from "can they build it?" to "can they stay ahead?" The coming quarters will be critical for validating business model sustainability.
