XIAOMI(HK:01810) 36氪·2026-01-08 10:22Core Viewpoint - Xiaomi is set to aggressively enter the family market with a lineup of new vehicles, including two range-extended SUVs, aiming to capture a significant share of the growing range-extended SUV segment in China [4][12][20]. Product Plans - Xiaomi plans to launch four new vehicles this year: a revamped SU7, an SU7 executive version, a five-seat range-extended SUV, and a seven-seat range-extended SUV [5][6]. - The seven-seat range-extended SUV, codenamed "Kunlun," is expected to offer a battery capacity exceeding 70 kWh and a pure electric range of 400-500 kilometers [8][19]. - The SU7 executive version will be a long-wheelbase sedan with enhanced comfort features [10]. Market Strategy - The Chinese automotive market is primarily driven by family needs, with consumers seeking spacious, energy-efficient vehicles that offer advanced smart features [14]. - The range-extended SUV market is currently booming, with over 15 new models expected to launch in 2025, indicating strong competition [15]. - Xiaomi's entry into this segment is seen as a strategic move to diversify its product offerings and reach a broader customer base beyond its existing "Mi Fan" demographic [23][24]. Competitive Landscape - Xiaomi will face established competitors like Li Auto and Aito, which have already built strong brand recognition among family users [24][26]. - Li Auto's L series has achieved over 1 million cumulative deliveries, while Aito has secured multiple sales champions in its segment [24][26]. - Xiaomi has previously disrupted the electric vehicle market by breaking Tesla's dominance, suggesting it could pose a significant threat to existing players in the family vehicle market [26]. Future Outlook - The introduction of range-extended SUVs and executive sedans marks a shift in Xiaomi's development strategy from rapid product launches to a more systematic approach focused on comprehensive capabilities [27]. - The company aims to enhance its competitiveness not just through product innovation but also in areas like supply chain management and customer service [27].