Jin Rong Jie·2026-01-14 08:34Core Viewpoint - Xiaomi is planning to leverage the experience of other companies, particularly in the range-extended electric vehicle (REEV) segment, while maintaining transparency about its learning process [1][3]. Group 1: Product Development - Xiaomi's automotive division is set to launch four new models by 2026, including two versions of the SU7 and two range-extended models: a five-seat SUV and a seven-seat SUV [3]. - The seven-seat SUV, codenamed "Kunlun," will compete with models like Li Auto's L9 and Aito's M9, featuring a large battery range-extended technology with an electric range of 400-500 km [3]. Group 2: Market Trends - Despite the growing interest in range-extended technology, the sales growth rate has been slowing down. Data from the China Passenger Car Association indicates that the share of pure electric vehicles in wholesale sales increased by 4% to 62%, while the share of narrow-sense plug-in hybrid vehicles decreased by 2.9% to 29%, and range-extended vehicles saw a decline of 1.1% to 9% [5]. - Xiaomi aims to deliver 410,000 vehicles in 2025, surpassing its initial target of 300,000, and is targeting an ambitious goal of 550,000 units in 2026 [5].