EV newcomer Xiaomi rolls its 100,000th SU7 off its assembly line… in a mere 230 days
We say it all the time. Scaling is hard. However, that doesn’t appear to be an issue for Xiaomi Automobile, the new EV business arm of consumer electronics giant Xiaomi Corporation. According to a recent social media post by Xiaomi’s founder, the automotive division has built the 100,000th example of its flagship SU7 EV in a blistering 230 days since its launch.
We have to point this out every time, but it’s only been three years since Chinese tech giant Xiaomi announced it was venturing into bespoke EV manufacturing, and it continues to move at a pace most young OEMs could ever dream of.
The electronics specialist wielded all of its experience and manufacturing power behind developing and eventually producing its flagship model, the Xiaomi SU7 EV. After faster-than-expected development, Xiaomi launched the SU7 in late 2023 and quickly secured over 50,000 orders in the first 27 minutes it went on sale.
Although Xiaomi initially targeted building 60,000 EVs in 2024, the SU7’s impressive demand led the young automaker to bolster production to keep up. After the launch, the tech giant shared that it had already built 10,000 EVs in a blistering 32 days but would need to continue ramping up to keep up with its growing order books.
By July, Xiaomi said those bolstered production lines were complete, hinting at the prospect of doubling its initial production targets for the year. Today, Xiaomi’s founder shared that the company has hit 100,000 EV builds earlier than expected and could reach 120,000 units before 2025 arrives.
Xiaomi SU7 already on the cusp of 100K deliveries
Xiaomi founder Lei Jun shared a SU7 progress update on his Weibo page today, relaying that the automotive division’s flagship model has surpassed 100,000 builds, accomplishing the feat in just 230 days. Per Jun’s post:
Netizens urged me to go to the factory to tighten the screws. Actually, I go there often. I arrived early this morning. I came too early and took a nap in the workshop.
Unexpectedly, when I woke up, 100,000 units had been completed!
From the release of SU7 to today, it took us only 230 days to produce 100,000 units! As a newcomer in the automotive industry, this speed is already very remarkable. We will hold a ceremony for the 100,000th unit to come off the production line later.
These builds aren’t just sitting around on lots around China, either. Xiaomi Automobile shared that the SU7 builds are also quickly making their way to customers, and it expects to hit its 100,000th delivery later this month.
The SU7 is offered in three versions: Standard, Pro, and Max, starting at RMB 215,900 ($29,850), RMB 245,900 ($34,075), and RMB 299,900 ($41,550), respectively. Xiaomi has since unveiled a tri-motor performance version called the SU7 Ultra, which is expected to hit the market in 2025. It also plans to launch a second flagship model to compete with the Tesla Model Y.
With 100,000 SU7 builds now complete, Xiaomi could very well hit its revised target of 120,000 units for 2024, which would entail doing so in less than 275 days since launch.
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Environment
U.S. crude oil falls below $60 a barrel to lowest since 2021 on tariff-fueled recession fears
A view shows disused oil pump jacks at the Airankol oil field operated by Caspiy Neft in the Atyrau Region, Kazakhstan April 2, 2025.
Pavel Mikheyev | Reuters
U.S. oil prices dropped below $60 a barrel on Sunday on fears President Donald Trump’s global tariffs would push the U.S., and maybe the world, into a recession.
Futures tied to U.S. West Texas intermediate crude fell more than 3% to $59.74 on Sunday night. The move comes after back-to-back 6% declines last week. WTI is now at the lowest since April 2021.
Worries are mounting that tariffs could lead to higher prices for businesses, which could lead to a slowdown in economic activity that would ultimately hurt demand for oil.
Oil futures, 5 years
The tariffs, which are set to take effect this week, “would likely push the U.S. and possibly global economy into recession this year,” according to JPMorgan. The firm on Thursday raised its odds of a recession this year to 60% following the tariff rollout, up from 40%.
Fueled by incentives from the Illinois EPA and the state’s largest utility company, new EV registrations nearly quadrupled the 12% first-quarter increase in EV registrations nationally – and there are no signs the state is slowing down.
Despite the dramatic slowdown of Tesla’s US deliveries, sales of electric vehicles overall have perked up in recent months, with Illinois’ EV adoption rate well above the Q1 uptick nationally. Crain’s Chicago Business reports that the number of new EVs registered across the state totaled 9,821 January through March, compared with “just” 6,535 EVs registered in the state during the same period in 2024.
Those numbers represent more than 50% growth in EV registrations – far beyond the expected 12% first-quarter increase nationally being projected by Cox Automotive. (!)
What’s going on in Illinois?
While President Trump and Elmo were running for re-election, they campaigned on the threat promise of canceling the $7,500 federal tax credit for EVs. Along with California Governor Gavin Newsom, Illinois’ Governor JB Pritzker made countermoves – launching a $4,000 rebate for new electric cars and up to $1,500 for the purchase of a new electric motorcycle.
At the same time, the state’s largest utility, ComEd, launched a $90 million EV incentive program featuring a new Point of Purchase initiative to deliver instant discounts to qualifying business and public sector customers who make the switch to electric vehicles. That program has driven a surge in Class 3-6 medium duty commercial EVs, which are eligible fro $20-30,000 in utility rebates on top of federal tax credits and other incentives (Class 1-2 EVs are eligible for up to $7,500).
We covered the launch of those incentives when the program was announced at Chicago Drives Electric last year, but the message here is simple: incentives work.
SOURCES: Chicago Business, Ray Cunningham; featured image by the author.
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The electric construction equipment experts at XCMG just released a new, 25 ton electric crawler excavator ahead of bauma 2025 – and they have their eye on the global urban construction, mine operations, and logistical material handling markets.
Powered by a high-capacity 400 kWh lithium iron phosphate battery capable of delivering up to 8 hours of continuous operation, the XE215EV electric excavator promises uninterrupted operation at a lower cost of ownership and with even less downtime than its diesel counterparts.
XCMG is delivering on part of that reduced downtime promise with the lower maintenance and easier repair needs of electric equipment, and delivering on the rest of it with lickety-quick DC fast charging that can recharge the machine’s massive battery in 1.5-2 hours … but that’s not the slick bit. The XCMG XE125EV can be powered up without leaving the job site thanks to its BYD battery swap technology.
We first covered XCMG and its battery swap technology back in January, and covered similar battery-swap tech being developed by MOOG Construction offshoot ZQUIP, as well – but while XCMG’s battery tech has been in production for several years, it’s still not widely known about in the West (even within the industry).
XCMG showed off its latest electric equipment at the December 2024 bauma China, including an updated version of its of its 85-ton autonomous electric mining truck that features a fully cab-less design – meaning there isn’t even a place for an operator to sit, let alone operate. And that’s too bad, because what operator wouldn’t want to experience an electric truck putting down 1070 hp more than 16,000 lb-ft of torque!?
Easy in, easy out
The best part? All of the company’s heavy equipment assets – from excavators to terminal tractors to dump trucks and wheel loaders – all use the same 400 kWh BYD battery packs, Milwaukee tool style. That means an equipment fleet can utilize x number of vehicles with a fraction of the total battery capacity and material needs of other asset brands. That’s not just a smart use of limited materials, it’s a smarter use of energy.
You can check out all the XE215EV’s specs at this tear sheet, and get an in-person look at the Chinese company’s latest electric excavator this week in Munich, Germany.
SOURCE | IMAGES: XCMG.
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