Xiaomi EV has seen the 10,000th mass-produced SU7 roll off the production line, 32 days after the model was launched.

(Image credit: Xiaomi EV)

Xiaomi EV, the electric vehicle (EV) division of Xiaomi (HKG: 1810, OTCMKTS: XIACY), has seen the 10,000th mass-produced SU7 roll off the production line, 32 days after the model was launched.

Xiaomi EV shared the milestone on Weibo today, saying that its factory is in full swing to expand its production capacity with a 2024 delivery target of 100,000 units.

"We believe that one day, there will be Xiaomi cars riding on every road around the world!" wrote Xiaomi EV.

Xiaomi officially launched the SU7 on March 28, offering three versions -- standard, Pro, and Max -- with starting prices of RMB 215,900 ($29,800), RMB 245,900, and RMB 299,900, respectively.

Xiaomi offered a Founders Edition for the SU7, limited to 5,000 units, with deliveries starting on April 3, when Lei said the SU7 received more than 100,000 firm orders and more than 40,000 locked-in orders.

Deliveries of the SU7's customized vehicles began earlier this month.

As of April 20, Xiaomi SU7 had more than 70,000 locked-in orders, Xiaomi founder, chairman and CEO Lei Jun said on April 25, the first day of the Beijing auto show.

Locked-in orders for the Xiaomi SU7 reached 75,723 units as of April 24, with 5,781 units delivered 28 days after the model's launch, Lei said.

Xiaomi was going all out to expand EV capacity, targeting monthly deliveries of more than 10,000 SU7s in June, Lei said at the time.

Yesterday, local media outlet Yicai reported that Xiaomi has planned seven new models, including extended-range electric vehicle (EREV) models to compete with Li Auto (NASDAQ: LI).

The seven new models include an SUV that will compete with Tesla's (NASDAQ: TSLA) Model Y, which will likely be delivered around the first quarter of 2025, and three other EREV SUVs that will be based on an all-new platform, according to the report.

Xiaomi later denied it, saying that the information in the report was completely false.

($1 = RMB 7.2461)

Xiaomi aims to see SU7 monthly deliveries exceed 10,000 units in Jun