Gasgoo Munich-Xiaomi Group released its full-year financial report for 2025 on March 24.
Over the past year, Xiaomi's businesses pressed ahead steadily, driving performance to yet another record high:
Total revenue climbed 25.0% to 457.3 billion yuan, while adjusted net profit surged 43.8% to 39.2 billion yuan. Revenue from smart electric vehicles and other innovative businesses, including AI, jumped 223.8% to 106.1 billion yuan.
The results show automotive revenue has crossed the 100 billion yuan threshold for the first time.
New vehicle deliveries for 2025 hit 411,082 units — a 200.4% surge. The Xiaomi SU7 claimed the top spot in domestic sedan sales above 200,000 yuan, while the Xiaomi YU7 led the mid-to-large SUV segment for seven consecutive months.
Image Source: Xiaomi
Just days ago on March 19, Xiaomi EV unveiled the next-generation SU7. The lineup includes three variants: the Standard at 219,900 yuan, the Pro at 249,900 yuan, and the Max at 303,900 yuan — representing a 4,000 yuan increase across the board compared to the first-generation SU7.
Marking Xiaomi EV's first major update, the new SU7 brings upgrades to the powertrain, chassis, smart cockpit, and driver-assistance systems. It retains the classic proportions — nearly 5 meters long, a 3-meter wheelbase, and nearly 2 meters wide — while offering 9 exterior colors, 5 interior trims, and 6 wheel designs. The model also features a fresh intake grille and a new 4D millimeter-wave radar.
Lei Jun previously stated during a livestream that the company's delivery target for 2026 is 550,000 units. With orders for the new SU7 growing steadily, Xiaomi is well-positioned to hit that annual goal.
Demand for the new SU7 has been robust: over 15,000 units were locked in just 34 minutes, and that figure surpassed 30,000 within three days of the launch.
Two years ago, the first-generation SU7 launched to immediate acclaim, securing 80,000 firm orders within 24 hours. To date, Xiaomi EV has delivered over 600,000 vehicles in total, with the SU7 accounting for 381,000 of those.
Image Source: Lei Jun's Weibo
On the research front, Xiaomi Group pushed R&D spending to a record high in 2025, propelling its large language model into the domestic first tier. Full-year R&D investment reached 33.1 billion yuan, bringing the five-year cumulative total to 105.5 billion yuan.
Additionally, the proprietary Xiaomi MiMo-V2-Pro large model was officially released, ranking eighth globally and second domestically on the Artificial Analysis intelligence index. The company plans to invest 60 billion yuan in the AI sector over the next three years.
