Xiaomi’s electric sedan SU7 has recently seen a notable and sudden reduction in its delivery waiting period, sparking broad discussion across the market on Tuesday. According to Goldman Sachs, the shorter wait time signals a boost in production output at Xiaomi EV’s manufacturing facilities.
“We believe the reduced waiting time for SU7 Pro/Max highlights Xiaomi’s steady progress in scaling up its manufacturing capacity. It also reinforces our earlier view that the tax incentives unveiled on October 24 reflect Xiaomi’s confidence in accelerating production,” wrote Goldman Sachs analyst Timothy Zhao and his team in a research note released Monday.
The analysts pointed out that new SU7 orders have slowed recently, allowing the company to work through its existing backlog. They expect Xiaomi’s capacity expansion to continue showing measurable progress in the months ahead. Goldman Sachs also mentioned that an updated SU7 version is expected to debut in the next few months — a move that should set up a favorable product cycle for the model heading into 2026 as one of Xiaomi’s key electric vehicles.
As of November 11, Xiaomi EV’s official app showed that Chinese buyers placing new orders for the SU7 Pro and SU7 Max can anticipate delivery within 6–9 weeks, a sharp improvement from the earlier 30-week wait.
In contrast, the base SU7 Standard still carries an estimated delivery time of 29–32 weeks.
This update means that customers ordering the Pro or Max versions now could still receive their cars before year-end, making them eligible for the higher purchase tax incentives available in 2024.
China’s NEV (new energy vehicle) purchase tax exemption remains in effect for 2024–2025, offering savings of up to RMB 30,000 ($4,220) per vehicle.
Starting in 2026–2027, the country will apply a half-rate purchase tax of 5% (down from the standard 10%), with a maximum deduction of RMB 15,000 per vehicle. Late last month, Xiaomi EV pledged that for customers locking in their orders by November 30, the company would compensate any lost purchase tax benefits through a cash rebate, should delivery be postponed to 2026 due to Xiaomi-related delays.
This rebate will be deducted from the buyer’s final payment, ensuring no extra tax burden — up to RMB 15,000.
According to data compiled by CnEVPost from the China Passenger Car Association (CPCA), Xiaomi EV delivered a record 48,654 vehicles in October, marking the second consecutive month above 40,000 units.
Within that, the SU7 sedan line, which includes the SU7 Standard and SU7 Ultra, recorded 14,992 deliveries in October — a 27.7% year-over-year and 23.4% month-over-month decline.
Meanwhile, the YU7 SUV achieved an all-time high of 33,662 units, accounting for 69% of Xiaomi EV’s total monthly sales, and representing a 50.5% jump from September’s 22,369 units.
Xiaomi SU7 wait time drops sharply amid production expansion, says Goldman Sachs
