Today marks a significant milestone for Xiaomi Auto as it rolls out its 500,000th vehicle. Achieving this feat—from the first unit to half a million—took just over 1 year and 7 months, setting the fastest record in China's new energy vehicle industry.

While 500,000 units may seem modest for industry giants, it holds profound meaning for Xiaomi Auto. This milestone validates Xiaomi Auto’s full-chain capabilities, from R&D and manufacturing to sales, delivery, and service. It also reflects strong consumer recognition, propelling the company into a new phase of scale.

The Xiaomi SU7 became the best-selling sedan priced above ¥200,000 over the past year. Meanwhile, the Xiaomi YU7, which began deliveries in July, topped all SUV sales last month—regardless of powertrain or price—becoming the first model in recent years to surpass Tesla’s Model Y in China’s market.

Originally targeting 300,000 deliveries this year, Xiaomi Auto raised its goal to 350,000 in March and is now set to exceed its annual target this week. The latest projection for 2025 anticipates over 400,000 deliveries.

These achievements owe much to widespread support. Lei Jun expressed gratitude to customers, especially those who placed blind orders immediately after the launch, emphasizing the value of their trust. He also thanked suppliers, whose collaboration enabled rapid production scaling and China’s auto industry growth, as well as media and other stakeholders.

Acknowledging Beijing’s role, Lei highlighted the city’s world-class business environment, supply chain, talent pool, and smart manufacturing ecosystem. He also credited Xiaomi Auto’s team and the broader Xiaomi Group for their four-year effort in realizing these milestones.

With the 500,000th vehicle marking a new starting point, Xiaomi Auto remains committed to: 1. **Prioritizing safety and delivery**: Safety is the foundation. While ensuring quality, the company will accelerate production to shorten wait times. 2. **Boosting innovation**: Upholding its "technology-first" principle, Xiaomi will invest aggressively in R&D. After spending ¥9.1 billion last quarter (full-year R&D expenditure is projected at ¥32–33 billion), it plans to invest ¥200 billion over the next five years. 3. **Deepening AI and smart manufacturing integration**: Lei Jun believes AI-driven cars represent the future. Xiaomi’s upcoming HAD update for assisted driving will feature reinforcement learning algorithms, enhancing longitudinal/lateral performance and road-condition understanding.

In closing, Lei reiterated appreciation for supporters, pledging to deliver results through action.