Xiaomi Holds 30,000 EV Delivery Pace for Third Month, Yet Stock Clings to 52-Week Low

Xiaomi’s electric-vehicle division has strung together a third consecutive month of deliveries above 30,000 units in June, yet the stock remains mired near its 52-week trough. The disconnect between operational stability and market sentiment is becoming increasingly stark for the Chinese tech group, whose equity has shed nearly 45% since the start of 2026.

The company reported the June tally via its official Weibo account on Wednesday, though it did not disclose an exact figure. Detailed monthly numbers are expected later from the China Passenger Car Association (CPCA). After April and May, this marks the third straight month that Xiaomi EV has cleared the 30,000-vehicle threshold. Based on the available data, analysts estimate cumulative first-half deliveries at nearly 180,000 units.

January set the year’s highest monthly haul at over 39,000 vehicles, driven by catch-up effects from the prior year. The February and March numbers slumped to around 20,000 each due to the Chinese New Year holiday and production adjustments. Since April, stepped-up capacity releases for the revamped SU7 have helped push monthly volumes back above 30,000. In the first five months of 2026, Xiaomi EV delivered a total of 150,317 units, up 13.48% from the same period last year.

Despite the headline stability, core model performance tells a less encouraging story. The SU7 sedan clocked 24,023 deliveries in May, down 14.24% year-on-year — the eighth consecutive month of annual declines for the model. The YU7 sport-utility vehicle, positioned as a rival to Tesla’s Model Y, fared little better. It recorded 8,736 deliveries in May, a month-over-month drop of 11.54% and the fifth straight monthly decline.

Should investors sell immediately? Or is it worth buying Xiaomi?

Competitors are racing ahead. Nio posted its strongest monthly figure of 2026 in June with 40,597 vehicles delivered, up 62.88% year-on-year. Xpeng and Leapmotor also notched their respective highs for the year. Xiaomi’s own 30,000-unit run looks modest by comparison. Meanwhile, Li Auto — a direct rival in the extended-range electric-vehicle (EREV) space — managed 30,895 deliveries in June, but that represented a 14.84% decline from a year earlier and its second consecutive monthly fall.

To shore up demand, Xiaomi introduced two new YU7 variants on May 21. A base version starts at 233,500 yuan (roughly $34,380), designed to lower the purchase barrier, while the high-performance YU7 GT carries a starting price of 389,900 yuan. Beyond pure battery EVs, the company secured regulatory approval last month to produce range-extender vehicles at its Beijing plant. Reports suggest a second brand called Skynomad will launch in the latter half of 2026, targeting family-oriented EREV SUVs and taking direct aim at Li Auto and Huawei-backed Aito.

On the charts, the stock is flashing deeply oversold signals. The 14-day relative strength index stands at 24.1. The current price of 2.49 euros sits more than 20% below its 50-day moving average of 3.10 euros and nearly 38% below the 200-day average of 4.00 euros. At Wednesday’s close, the equity was just 6% above its 52-week low of 2.34 euros. Over the past 12 months, the shares have tumbled 61.87%, and the peak of 6.53 euros from July 2025 now seems a distant memory.

Xiaomi still aims to ship 550,000 EVs in 2026, a 34% increase over the approximately 410,000 units delivered last year. Achieving that target will require sustained execution in the second half — and hinges heavily on the reception of the new YU7 variants and the success of the Skynomad brand in the fast-growing EREV segment.