Xiaomi EV reported deliveries of 31,267 vehicles in July, maintaining its streak of over 30,000 units for the fourth consecutive month. However, the company faces a significant challenge to meet its ambitious full-year target of 550,000 units. The newly launched Sky Nomad series is expected to play a crucial role in the second half of the year.
July Delivery Performance
According to data released by the China Passenger Car Association (CPCA), Xiaomi EV delivered 31,267 vehicles in July. This figure represents a 2.68% increase year-on-year, but a 9.99% decrease compared to June. It marks the fourth month in a row that Xiaomi EV deliveries have ‘continued to exceed 30,000 units,’ as the company stated on August 1.
In July last year, Xiaomi EV delivered 30,452 vehicles, indicating that year-on-year growth has nearly plateaued.
Model Breakdown: SU7 and YU7
The performance of Xiaomi EV’s two main models diverged in July. The SU7 sedan delivered 21,044 units, a 3.09% increase from June, ending a two-month decline. However, SU7 deliveries were still down 13.79% compared to the same month last year.
The YU7 SUV saw a significant drop, with July deliveries falling 28.63% month-on-month to 10,223 units. Despite this, YU7 deliveries were up 69.20% year-on-year, as the model delivered 14,324 units in June.
Progress Toward Annual Target
Cumulatively, Xiaomi EV delivered 216,322 vehicles in the first seven months of 2026, up 14.83% year-on-year. This total represents just 39% of the company’s full-year target of 550,000 units.
To achieve its goal, Xiaomi EV would need to average nearly 67,000 deliveries per month for the remainder of the year—more than double its current monthly pace.
Sky Nomad: New Product Line and Market Impact
A key factor for Xiaomi EV in the second half of 2026 is the launch of its new Sky Nomad series, officially introduced on July 30. This marks Xiaomi’s first entry into the extended-range electric vehicle (EREV) segment.
The 7-seat flagship N90 Max has a pre-sales price of $44,373 (~AUD 62,832), while the 5-seat N70 Max is priced at $38,455 (~AUD 54,452). Both models are scheduled to launch in September.
Sky Nomad’s pricing is lower than the Tesla Model Y L, which is priced at $50,158 (~AUD 71,024), positioning Xiaomi’s new models in direct competition with Li Auto and Huawei-backed Aito.
Market Reaction and Analyst Commentary
The aggressive pricing strategy for the Sky Nomad series initially unsettled investors. Xiaomi shares in Hong Kong dropped as much as 11% intraday on July 31 before closing down 7.28%.
A team of analysts led by Wang Bin at Deutsche Bank attributed this pricing approach to pressure on Xiaomi to boost sales.
Why this matters
Xiaomi EV’s ability to sustain high delivery volumes is critical as it seeks to establish itself among China’s leading electric vehicle manufacturers. The launch of the Sky Nomad series, with competitive pricing and entry into the EREV segment, could be pivotal in driving sales growth in the second half of 2026.
Meeting the ambitious annual target will depend on the market reception of these new models and Xiaomi’s capacity to ramp up production and deliveries.
What this means for buyers
For prospective buyers, the introduction of the Sky Nomad series offers new options in the extended-range EV market at prices below key competitors like Tesla Model Y L. Those considering a Xiaomi EV may want to watch for the official launch of the Sky Nomad models in September, as increased competition could also influence pricing and availability across the segment.
Key Specs
- July 2026 Deliveries: 31,267 units
- Year-on-Year Change (July): Up 2.68%
- Month-on-Month Change (July): Down 9.99%
- SU7 Sedan July Deliveries: 21,044 units
- YU7 SUV July Deliveries: 10,223 units
- Cumulative 2026 Deliveries (Jan-Jul): 216,322 units
- Full-Year Target: 550,000 units
- Sky Nomad N90 Max Pre-Sale Price: $44,373 (~AUD 62,832)
- Sky Nomad N70 Max Pre-Sale Price: $38,455 (~AUD 54,452)
Source
Images sourced from: electrek.co, autocar.co.uk, reuters.com
