Xiaomi Hits 2026 High of 40,015 Deliveries in September, Yet Annual Target Looks Remote

Xiaomi Auto posted 40,015 vehicle deliveries in September, its strongest month so far this year, as the freshly introduced Sky Nomad extended-range SUV family started reaching customers. The number, confirmed in a China Passenger Car Association (CPCA) report released on October 12, lifted the company’s monthly volume by 32.71% over August’s 30,153 units, snapping a two-month slide and giving Xiaomi its largest month-over-month gain since April.

The wider picture is less flattering. September’s total sat 4.61% below the 41,948 vehicles delivered a year earlier, extending a year-on-year contraction into a second consecutive month. The fall was even more visible across the legacy lineups: the SU7 sedan managed 15,751 deliveries, down 19.55% from a year ago and 4.64% from August, its twelfth straight month of annual decline. The YU7 SUV fared worse, slipping 47.16% year-on-year and 13.31% sequentially to 11,820 units.

Compensating for those drops was the Sky Nomad range, Xiaomi’s first move into the extended-range EV segment after relying solely on battery-electric models. Launched on September 7, the lineup was responsible for 12,444 deliveries in its debut month, split between 7,147 units of the N70 and 5,297 of the N90. Xiaomi said locked-in orders for the series passed 70,000 within 30 days of the launch, suggesting the dip in battery-electric sales reflects a product transition rather than a collapse in demand.

For the third quarter, Xiaomi handed over 101,435 vehicles, down 6.77% from 108,796 a year earlier. Cumulative deliveries for the first nine months stood at 286,490, up 7.41% year-on-year but a slower pace than the 9.65% growth seen through August. That leaves Xiaomi at 52.1% of its 550,000-unit annual goal, meaning it would need 263,510 more deliveries in the final quarter, averaging some 87,837 a month, or about 2.2 times September’s volume.

The backdrop hardly helps. China’s retail sales of new energy vehicles fell 16.7% year-on-year in September to 1.084 million units, the ninth straight month of decline, while exports jumped 163.5% to 558,000 units. Because Xiaomi still sells every car inside China, it remains tied to a shrinking home market, making the ramp-up of Sky Nomad production and the conversion of its order book into deliveries the decisive factor for the rest of the year. Xiaomi’s cumulative deliveries since launch reached 837,798 units at the end of September.