<div id="readability-page-1"><blockquote><ul><li>Xiaomi founder said that Xiaomi EV currently has no plans to enter the US market, and the YU7 seen in the US was likely purchased by a US peer or supplier.</li><li>A Xiaomi YU7 Max was spotted earlier this month on US Interstate 5 bearing an Illinois license plate.</li></ul></blockquote><figure id="attachment_136490"><img src="https://imageproxy.pbkrs.com/https://cdn.cnevpost.com/wp-content/uploads/2026/02/2026021002222919.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="1600" height="900" original-src="https://imageproxy.pbkrs.com/https://cdn.cnevpost.com/wp-content/uploads/2026/02/2026021002222919.jpg"/><figcaption id="caption-attachment-136490">(Xiaomi YU7. Image credit: Xiaomi EV)</figcaption></figure><p>Lei Jun, founder, chairman, and CEO of Xiaomi (HKG: 1810, OTCMKTS: XIACY), said the company currently has no plans to bring its electric vehicle (EV) business to the US, following a report earlier this month of a Xiaomi YU7 spotted driving on an American highway.</p><p>&#34;We currently have no immediate plans to enter the US market. I suspect this YU7 was purchased by a US peer or supplier for benchmarking purposes,&#34; Lei wrote on Weibo.</p><p>His Weibo post included a screenshot of a Car Scoops report claiming a Xiaomi EV appeared to be undergoing testing in the US, potentially related to another EV's development.</p>    <div>        <p><span>Join us on </span>            Telegram            <span> or </span>            Google News        </p>    </div><p>The vehicle, a Xiaomi YU7 Max, was spotted on US Interstate 5 bearing an Illinois license plate.</p><p>Car Scoops speculated the car might belong to US EV maker Rivian, as Rivian vehicles are produced in Illinois and the license plate number 132 has previously appeared on Rivian test vehicles.</p><figure id="attachment_136487"><img src="https://imageproxy.pbkrs.com/https://cdn.cnevpost.com/wp-content/uploads/2026/02/2026021002145691.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="1080" height="742" original-src="https://imageproxy.pbkrs.com/https://cdn.cnevpost.com/wp-content/uploads/2026/02/2026021002145691.jpg"/><figcaption id="caption-attachment-136487">(Photo from Chinese social media platform Xiaohongshu.)</figcaption></figure><p>Rivian is preparing to launch its highly anticipated $45,000 R2 in June. To ensure a smooth market debut, it likely needs to benchmark against rival models to evaluate the R2's performance, the report noted.</p><p>On June 26, 2025, Xiaomi officially launched the YU7, its first electric SUV and the most direct competitor to Tesla (NASDAQ: TSLA)'s Model Y.</p><p>The YU7 delivered a record 39,089 units in December, bringing its 2025 total to 153,673 units, according to data compiled by CnEVPost.</p><p>Built on an 800V high-voltage architecture, the Max variant boasts a CLTC range of 760 kilometers and can accelerate from 0 to 100 km/h in 3.23 seconds.</p><p>Earlier this month, Xiaomi filed for the YU7 GT pure-electric SUV, whose powertrain delivers a total output of 738 kW (990 horsepower) — exceeding the YU7 Max's 508 kW (681 horsepower).</p><p>Current US policies essentially block Chinese vehicles from entering the market.</p><p>On February 1, the Financial Times reported that Ford and Xiaomi were exploring a joint venture to produce EVs in the US. However, Xiaomi subsequently denied the report.</p>    <div>        <div>            <p><img width="768" height="432" src="https://imageproxy.pbkrs.com/https://cdn.cnevpost.com/wp-content/uploads/2026/01/2026010400474061-768x432.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://cdn.cnevpost.com/wp-content/uploads/2026/01/2026010400474061-768x432.jpg"/>                            </p>        </div>        <div>            <p>Xiaomi aims to deliver 550,000 cars in 2026, following over 410,000 deliveries in 2025</p>            <p>Xiaomi targets 550,000 vehicle deliveries in 2026, representing about 34% growth from around 410,000 units in 2025.</p>                    </div>    </div>                                                                                    </div>

515700

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XIACY

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515030

<p>Xiaomi founder Lei Jun announced that the company has no plans to enter the US EV market, following the sighting of a Xiaomi YU7 in the US, which he suspects was purchased by a US peer for benchmarking. The YU7 Max, spotted on US Interstate 5, is part of Xiaomi's electric vehicle lineup, which aims for 550,000 deliveries in 2026. Current US policies hinder Chinese vehicle market entry, and Xiaomi previously denied reports of a joint venture with Ford for US EV production.</p>

- Xiaomi founder Lei Jun stated that the company has no plans to enter the US EV market, and the YU7 seen in the US was likely bought for benchmarking by a local peer.  
- A Xiaomi YU7 Max was recently spotted in the US, prompting speculation it belongs to Rivian, which is preparing to launch its R2 model soon.  
- Despite potential collaborations like a joint venture with Ford, current US policies hinder Chinese vehicle market entry, while Xiaomi aims for 550,000 car deliveries in 2026.

CnEVPost

Ping An CSI New Energy Vehicles Industry ETF

Ford Motor

XIAOMI-W

Xiaomi Corporation

Hwabao WP CSI Intelligent Electric Vehicle ETF

Hua Xia CSI New Energy Vehicles ETF

Xiaomi founder says no plans to bring EV business to US after YU7 spotted in America