XM Canada has announced that they've reached 147,000 subscribers in their first quarter ending Nov 30th - an increase of 23% over the previous quarter.

The addition of 27,000 new subscribers, up from 120,000 total subscribers (which include automotive factory installs, aftermarket and partnerships) keep XM Canada on track to reach one million subscribers by 2010. These results can't be compared year-over-year since XM Canada was only in operation for 8 days in their first quarter of business last year.

Another interesting figure is that XM Canada holds an 80% share of all factory-installed satellite radios in current 2007 vehicles. XM Canada will be available in 115 different models in 2007. A testiment to their OEM-centric model.

[Press Release] 

XM Canada has apparently inked a deal with Hyundai Canada to install receivers on two of their models. UPDATE: The two models with XM Canada factory-installed are the 2007 Hyundai Sonata and the 2007 Hyundai Azera. More models will be announced soon.

John Bitrove told the Globe and Mail that XM Canada will have an 80% share (which is an estimate 300,000 to 500,000 units) of the factory-installed satellite radio market for new cars in 2007. Sirius Canada says it sells about 70% of the receivers sold through retail.

[The Globe and Mail]