Xiaomi's High-Stakes Gamble: A 990-HP GT and a 150,000-Capacity Plant as the Stock Trades Near Its Lows
13.05.2026 - 03:00:53 | boerse-global.de
Burgundy-red prototypes of Xiaomi's latest EV have been spotted on Chinese roads, signaling the imminent arrival of the YU7 GT. The twin-motor crossover packs 990 horsepower, hits 300 km/h, and carries a projected price tag of 450,000 to 500,000 yuan. It lands at a precarious moment. Sales of the standard YU7 have slumped from a December peak of roughly 39,000 units to just 13,500 in March — a slide the GT variant is meant to arrest.
The production machinery to support that ambition is expanding fast. Xiaomi's new Wuhan plant will start churning out cars in May 2026 with an annual capacity of 150,000 vehicles. Combined with existing facilities, total capacity will hit 630,000 units a year — comfortably above the company's 2026 delivery target of 550,000, a 34% jump from the 410,000 delivered in 2025. Executing that ramp relies on smooth launches at both Wuhan and Beijing Phase III.
Behind the scenes, Xiaomi has reshuffled its automotive leadership team. Song Gang, formerly factory director at Tesla's Shanghai gigafactory, now oversees domestic production and manufacturing. Yu Liguo has been tapped to lead a newly formed Overseas Business Preparation Group, laying the groundwork for international expansion. Meanwhile, Hu Zhengnan was appointed the EV division's first-ever chief technology officer in an internal memo dated April 17 — a position that didn't exist when the unit was created in 2021.
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That international push is already taking shape in Munich, where Xiaomi Auto has opened a European R&D center staffed by roughly 50 engineers and designers culled from BMW, Porsche, Lamborghini and Mercedes-Benz. The team is led by Rudolf Dittrich, a former BMW M4 GT3 project veteran. The roadmap targets a European market entry in the second half of 2027, with right-hand-drive markets following in early 2028. A facelifted SU7 is slated to lead the charge as the first volume model.
The stock tells a different story. At around €3.41, Xiaomi's shares sit nearly 49% below their 52-week high of €6.69 and roughly 25% beneath the 200-day moving average. HSBC recently raised its price target but acknowledged the stock has drifted lower since late-March results. The share price has shed roughly 23% since the start of the year and currently trades below its 50-day line.
Xiaomi isn't dialing back investment. The company plans to spend 200 billion yuan on R&D over five years, with more than 60 billion yuan earmarked for AI over three years. Its ongoing share buyback program had reached Hong Kong $7.4 billion by the end of April — already surpassing the total repurchased in all of last year.
The next catalyst arrives on May 26, when Xiaomi reports unaudited first-quarter earnings. The numbers will reveal just how much the EV ramp is costing — and whether the new leadership lineup can keep production targets for both the Wuhan plant and the YU7 GT on track.
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