XIAOMI(HK:01810) Shang Hai Zheng Quan Bao·2025-11-20 07:00Core Insights - Xiaomi has achieved a significant milestone with the production of its 500,000th vehicle, marking a rapid growth in its automotive business within just 1 year and 7 months since the first vehicle was produced [2][4]. Group 1: Production and Delivery Milestones - The 500,000th vehicle signifies the validation of Xiaomi's complete system capabilities in research, manufacturing, sales, delivery, and service, indicating a new phase of scalability [4]. - Xiaomi aims to deliver over 400,000 vehicles in 2025, with the SU7 and YU7 models leading in sales within their respective categories in China [4]. - In Q3, Xiaomi delivered over 100,000 vehicles, achieving a record high and a year-on-year increase of 173.4%, with total deliveries exceeding 260,000 vehicles in the first three quarters of the year [4]. Group 2: Technological Advancements and Innovations - The factory employs over 1,100 production robots and has undergone 35 technical upgrades, significantly enhancing production efficiency and reducing delivery times [5]. - Xiaomi is committed to advancing safety and quality while accelerating production, with a focus on integrating AI and smart manufacturing to improve efficiency and product quality [5]. - The company plans to release a new version of its HAD (Highway Assisted Driving) system, incorporating reinforcement learning algorithms to enhance driving experience and road condition understanding [5].