Xiaomi Plans Third EV Model for Mainstream Market in 2026
Xiaomi is reportedly preparing to launch its third electric vehicle model in 2026, targeting the competitive Chinese mainstream market with an expected price tag of RMB 150,000 (approximately $20,610). According to multiple local media outlets, this new sports utility vehicle will feature an extended-range hybrid (EREV) powertrain. Production may take place at an existing facility owned by Dongfeng Motor, a Chinese state-owned automaker, rather than Xiaomi's own plants. This strategic move aims to broaden Xiaomi's appeal beyond its current lineup, which consists solely of the SU7 sedan and its high-performance variant. The introduction of this third model follows the anticipated release of Xiaomi's second vehicle, a mainstream luxury crossover scheduled for next spring, which is positioned to compete directly with Tesla’s Model Y at a lower price point. By diversifying its product portfolio with different vehicle types and powertrains, Xiaomi seeks to capture a larger share of the evolving electric vehicle sector in China, moving from a niche premium player to a broader market participant.
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Xiaomi Plans Third EV Model for Mainstream Market in 2026
Xiaomi is reportedly preparing to launch its third electric vehicle model in 2026, targeting the competitive Chinese mainstream market with an expected price tag of RMB 150,000 (approximately $20,610). According to multiple local media outlets, this new sports utility vehicle will feature an extended-range hybrid (EREV) powertrain. Production may take place at an existing facility owned by Dongfeng Motor, a Chinese state-owned automaker, rather than Xiaomi's own plants. This strategic move aims to broaden Xiaomi's appeal beyond its current lineup, which consists solely of the SU7 sedan and its high-performance variant. The introduction of this third model follows the anticipated release of Xiaomi's second vehicle, a mainstream luxury crossover scheduled for next spring, which is positioned to compete directly with Tesla’s Model Y at a lower price point. By diversifying its product portfolio with different vehicle types and powertrains, Xiaomi seeks to capture a larger share of the evolving electric vehicle sector in China, moving from a niche premium player to a broader market participant.
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