Xiaomi’s Q1 EV deliveries surpass 80,000 units
Xiaomi said first-quarter 2026 EV deliveries reached 80,856, while smart EV, AI and other innovation revenue hit RMB 19.9 billion.
Intelligence analysis by GPT-5.4 Mini
Xiaomi’s latest results show its EV push is scaling fast alongside its AI-related business. The company reported strong first-quarter revenue, higher R&D spending, and more than 80,000 smart EV deliveries.
Xiaomi is making cars now, and lots of them. In three months, it says it delivered more than 80,000 electric cars, which is like filling a huge parking lot over and over again.
The company also says its newer ideas, including AI-related work, brought in a big chunk of money. That means the car business and the smart-tech business are growing together, like two engines pushing the same bike.
Xiaomi is also spending more on research, which is the part where people test and build new things. It is trying to turn its future ideas into products that actually sell.
Analysis
What Xiaomi reported
Xiaomi’s first-quarter 2026 results show a company still centered on consumer tech, but increasingly powered by its newer businesses. Total revenue came to RMB 99.1 billion, and revenue from its smart electric vehicle, AI, and other innovation businesses reached RMB 19.9 billion.
EVs and innovation are moving together
The company said it delivered 80,856 smart electric vehicles in the quarter. It also noted that its automotive business has become one of its steady revenue drivers. Since first deliveries began on March 28, 2024, cumulative Xiaomi EV deliveries had passed 655,000 units by late April 2026, according to the company.
Spending behind the growth
Xiaomi’s research and development spending in the quarter was RMB 9 billion, up 33.4% from a year earlier. That matters because the company is pairing its EV expansion with heavy investment in product development and other innovation work. The article does not break out AI revenue separately, but it places AI inside the same business bucket as the EV operation, showing how Xiaomi frames these efforts as part of one broader growth engine.
Key points
- Xiaomi reported RMB 99.1 billion in first-quarter 2026 revenue.
- Revenue from smart EV, AI and other innovation businesses reached RMB 19.9 billion.
- The company delivered 80,856 smart electric vehicles in the quarter.
- R&D spending rose to RMB 9 billion, up 33.4% year on year.
- Xiaomi said cumulative EV deliveries passed 655,000 by late April 2026.
