Citi analysts in a research note earlier this month expected the SU7 to deliver around 55,000 to 70,000 units for the full year.
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Xiaomi EV's impact on EV startup shares may be relatively minor at this point, as more meaningful volume upside still comes from internal combustion engine vehicle replacement, Morgan Stanley said.
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Xiaomi doesn't have a demand problem.
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Xiaomi Auto started deliveries of the Xiaomi SU7 Founders Edition to first owners as firm orders exceeded 100,000.
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The SU7 has gained more than 100,000 firm orders in just a few days of its launch, with the number of locked-in orders already exceeding 40,000, Xiaomi's founder said at a ceremony marking the model's first delivery.
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Under the original plan, Xiaomi EV production will grow to 4,000 to 5,000 units by April, and thereafter stabilize at 6,000 units by the end of the year, according to local media.
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Xiaomi EV's first delivery centers in 28 cities in China will also start delivering vehicles to customers tomorrow.
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Xiaomi EV, which originally had an April production plan of around 5,000 units, is negotiating with suppliers to increase production capacity, according to local media.
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Scalpers inflating the SU7 by 100,000 yuan (13,850 USD)
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Customers ordering the Xiaomi SU7 will now have to wait about 3-7 months, with deliveries of the SU7 Max extended to mid-October.
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