$1810 (+2,74%) reported deliveries of over 30,000 electric vehicles in April, an increase of around 50% compared to the previous month.
The company's shares closed 6.75% higher in Hong Kong today.
The delivery time for the YU7 base model is currently 7 to 10 weeks, unchanged from the previous month, while the waiting time for the Max model has been reduced to 4 to 7 weeks.
For the new SU7, the delivery time for the base model has increased to 8 to 11 weeks, and the Max model now requires a waiting time of 9 to 12 weeks.
Over 70,000 firm orders have been received for the new SU7 since its launch. From January to April, Xiaomi delivered 110,000 electric vehicles, which is 20% of the delivery target of 550,000 units for 2026.
At the end of April, Xiaomi operated 495 stores in 165 cities. The company plans to open two more stores in May. Xiaomi is expected to launch its YU7 GT model at the end of May.
In the field of electric mobility, Xiaomi plans to launch in Europe in the second half of 2027, followed by right-hand drive markets in the first half of 2028.
Priority will be given to premium segments and developed markets.
The company already established its European R&D and design center in Munich in September 2025, which employs over 100 engineers with an average of more than 15 years of experience under the leadership of Rudolf Dittrich, the former technical director of BMW M GmbH.
The Xiaomi YU7 GT, scheduled for launch by the end of May, is the first model developed by the European center.
For its smartphone and AIoT business, Xiaomi wants to find a balance between costs, pricing, sales volume and profit in the face of rising costs for storage, raw materials and logistics, geopolitical conflicts and weak consumer demand.
The company plans to optimize product features, strengthen premiumization and drive growth through overseas retail and e-commerce channels.
Xiaomi is sticking to its commitment to invest 200 billion yuan in research and development over five years and more than 60 billion yuan in AI over three years.
The company aims to control operating cost ratios and improve efficiency through the use of AI agents.
At the same time, share buybacks will continue: 7.4 billion Hong Kong dollars worth of shares have been acquired in the current year to April 24, compared to 6.3 billion Hong Kong dollars in the full year 2025.
On Thursday, the company bought a further 50 shares and currently stands at 550 shares.




