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Latest Xiaomi news and developments in China’s electric-vehicle industry, with English summaries and key takeaways.
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Xiaomi's 2200MPa ultra-strength steel has won first prize in the Metallurgical Science and Technology Award from the China Iron and Steel Association and the Chinese Society for Metals in 2026. The project's results have entered mass production in the Xiaomi YU7, the new-generation Xiaomi SU7 and the Xiaomi Pengcheng.
China's passenger car retail sales reached 459,000 units in October 1-11, down 24% from the same period last October but up 7% from the previous month, according to the China Passenger Car Association. New energy vehicles accounted for 61.2% of retail sales in the period, with 281,000 units sold.
On October 8, Waymo announced it completed a $5 billion term loan, its first debt financing, while Texas motor vehicle records showed Tesla added 150 Cypecabs in a single day, bringing its total to 319. Robotaxi operators including Pony.ai, WeRide, Baidu Apollo Go and Uber are pushing commercial expansion across Europe, the Middle East and Asia.
China's passenger vehicle retail sales totaled 1.618 million units in September, down 28.0% year-on-year but up 5.0% from August, according to the China Passenger Car Association. New energy vehicles reached a 67.0% retail penetration rate and 65.4% wholesale penetration rate, both record highs.
Xiaomi's YU7 and SU7 led their categories in the September 2026 China auto resale value report released by the China Automobile Dealers Association and Jingzhengu. The YU7 recorded an 82.5% one-year resale value, while the SU7 posted 75.1%, both ranking first in their segments for a third consecutive month.
Xiaomi Pengcheng outlined the aerodynamic design of its N90 series full-size extended-range SUV, with the N90 Max reaching a drag coefficient of Cd 0.255 and the N90 Max Explorer Edition achieving Cd 0.245, which the company says is the lowest among large extended-range SUVs.