Core Insights - Xiaomi Automobile Company has increased its full-year sales target for battery electric vehicles (BEVs) from 350,000 to 400,000 units, driven by higher production of its SU7 sedan and YU7 SUV models [1][4] - The revised sales target represents a threefold increase compared to the 135,000 vehicles delivered last year, positioning Xiaomi as one of the fastest-growing automakers in China [2][4] - The company achieved a significant milestone by producing its 500,000th BEV, having commenced vehicle production in December 2023 [2] Financial Performance - In Q3 2025, Xiaomi's BEV operations reported a profit of CNY 700 million (approximately US$ 98 million), a turnaround from a loss of CNY 300 million in the previous quarter [4] - Sales surged by 175% year-on-year, with 108,796 cars sold in Q3 2025 [4] - For the first ten months of 2025, the company delivered a total of 315,376 BEVs in China [4] Strategic Positioning - Xiaomi emphasizes that quality and safety are top priorities, stating that safety is foundational to their production efforts [3] - The company is viewed as a significant competitor to Tesla in China, alongside other BEV startups like Leapmotor and Li Auto [3] - Recently, Xiaomi opened an R&D center in Germany, indicating plans to establish a sales network in the region [3]