Sou Hu Cai Jing·2025-11-20 04:20Core Insights - Xiaomi has achieved a significant milestone with the production of its 500,000th vehicle, marking the fastest record in the domestic new energy vehicle industry [1][3] - This achievement validates Xiaomi's capabilities across the entire automotive ecosystem, including R&D, manufacturing, sales, delivery, and service [3] - The company has seen strong consumer recognition, with its SU7 model becoming the best-selling sedan and the YU7 SUV surpassing the Model Y in sales [3] Production and Sales Performance - The production of 500,000 vehicles was accomplished in just over 1 year and 7 months, showcasing rapid growth [1][3] - Xiaomi initially set a delivery target of 300,000 vehicles for the year, which was later raised to 350,000, and the company is on track to exceed this target [3] - The latest forecast predicts that annual deliveries will exceed 400,000 vehicles by 2025 [3] Support and Collaboration - The success of Xiaomi's automotive division is attributed to the trust and support from users, partners, and suppliers [4] - The company acknowledges the critical role of its supply chain and the supportive business environment in Beijing, which fosters innovation and talent [4] Future Strategies - Xiaomi plans to focus on safety and delivery efficiency, emphasizing that safety is a foundational priority [5] - The company aims to increase its investment in technology and innovation, with R&D expenditures projected at 32 to 33 billion for the year and 200 billion over the next five years [5] - There is a commitment to integrating AI with smart manufacturing to enhance product efficiency and performance [5]