• Xiaomi EV took 229 days to complete delivery of its first 100,000 units, while the second 100,000 units were delivered in just 119 days.

• As a model that has been on the market for a year, the SU7 still maintains strong demand, with a current wait cycle of over 30 weeks.

Xiaomi EV, the electric vehicle (EV) unit of Xiaomi (HKG: 1810, OTCMKTS: XIACY), today saw its 200,000th vehicle delivery milestone, as the company sees great success in the automotive market.

The owners of the 200,000th Xiaomi EV, a young couple, chose the special red exterior color, Xiaomi EV said on Weibo today.

Xiaomi EV took 229 days to complete the delivery of the first 100,000 vehicles, while the second 100,000 vehicles were delivered in just 119 days, it said.

This is Xiaomi EV's 200,000th vehicle delivery and the first delivery of the red exterior color, according to the company.

Xiaomi launched the special red exterior color for the SU7 on December 31, 2024, as a limited-edition color to commemorate the phone maker's 15th anniversary.

Xiaomi EV officially launched the SU7 electric sedan on March 28, 2024, a competitor to Tesla's (NASDAQ: TSLA) Model 3.

The SU7 comes in three variants -- Standard, Pro, and Max -- with starting prices of RMB 215,900 ($29,840), RMB 245,900, and RMB 299,900, respectively.

Deliveries of the Standard and Max versions of the SU7 began in April 2024, and deliveries of the SU7 Pro began in May 2024.

On February 27, Xiaomi officially launched the SU7 Ultra, the company's electric sedan with 1,548 Ps of maximum horsepower based on the regular SU7.

The SU7 Ultra has a starting price of RMB 529,900 and deliveries begin on March 2.

The regular SU7 received over 248,000 locked-in orders in 2024, with cumulative deliveries of over 135,000 units, according to data previously announced by Xiaomi EV.

Deliveries of the SU7 continued to exceed 20,000 units last month, marking the fifth consecutive month seeing monthly deliveries exceeding the 20,000 mark, giving a cumulative total of over 180,000 units delivered, Xiaomi EV said on March 1.

As a model that has been on the market for a year, the SU7 continues to see strong demand, a rarity in the Chinese EV industry.

Chinese customers who buy the regular SU7 now have to wait at least 30 weeks for delivery, exceeding the wait cycle when the model was first launched a year ago, according to CnEVPost's monitoring.

The SU7 Ultra's current delivery wait time is 14-17 weeks.

($1 = RMB 7.2353)