Group 1 - Xiaomi has no current plans to enter the US market for its automotive division, as stated by CEO Lei Jun, who clarified that a vehicle seen in California was likely purchased by a competitor or supplier for benchmarking purposes [1] - In 2025, Xiaomi's automotive division delivered over 410,000 vehicles, with a target of 550,000 deliveries set for 2026. In January of the current year, the company reported a delivery of over 39,000 vehicles, primarily the YU7 model, while the SU7 is expected to undergo a redesign soon [2] - Following the announcement of delivery figures, Xiaomi's stock price increased by over 2%, reaching above HKD 36 per share [2]

Group 1 - The core message from Lei Jun indicates that Xiaomi currently has no plans to enter the US market, despite a vehicle, the YU7, being spotted in California with a test plate [1] - The YU7 vehicle is speculated to be purchased by a US competitor or supplier for benchmarking purposes [1] Group 2 - Xiaomi's automotive delivery volume exceeded 39,000 units in January 2026, while in December 2025, the delivery volume surpassed 50,000 units [4] - The total delivery of Xiaomi vehicles for the year 2025 was over 410,000 units [4] - Lei Jun announced a target of 550,000 units for total deliveries of Xiaomi vehicles in 2026 [4]