The electric vehicle (EV) division of Xiaomi Group is experiencing robust growth, with projections suggesting that it may eclipse Tesla in the Chinese market to emerge as a frontrunner by 2026. Forecasts indicate that Xiaomi's EV sales will hit approximately 150,000 units by the first half of 2025, led by its flagship model, the SU7. Amidst the ranks of emerging automotive brands, Xiaomi Automobile has ascended to fourth place, surpassing NIO. By 2026, Xiaomi's EV sales are anticipated to experience triple-digit growth, reaching 782,000 units, which will contribute to 30% of the company's overall revenue. This significant expansion is attributed to the expansion of production capacity, encompassing the ramping up of the second-phase factory and the potential construction of a third-phase facility. Currently, the delivery wait time for certain popular models has stretched to one year, underscoring the exceptionally robust market demand.