Shimano XTR Di2 M9200 review: Wireless at last, but sorry Shimano, it lacks the wow factor 
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Shimano XTR Di2 M9200 review: Wireless at last, but sorry Shimano, it lacks the wow factor 

Shimano’s long-awaited XTR Di2 has wireless, electronic shifting

Our rating

4

1801
1399.94

Scott Windsor / Our Media

Published: June 4, 2025 at 4:00 pm

Our review
Many will like the solid performance and familiar feel, but XTR Di2 isn’t as groundbreaking or special as it could be

Pros:

Excellent shifter ergonomic; light weight; slim derailleur reduces chances of rock or floor strikes; robust; contextually affordable; shift performance and speed; clutch tension keeps chan slap to a minimum

Cons:

No wow factor; no power meter; crank finish wears quickly; chainring and cassette coating wear quickly; adjustment screws slow down install

Shimano’s new XTR Di2 M9200 wireless electronic drivetrain hasn’t redefined how derailleurs work or look, and neither has it vastly improved shift performance. 

But what it lacks in innovation, it makes up for in reliability and familiarity. 

Recognisably Shimano, the all-new shifter feels like the brand’s much-loved mechanical shifters, despite its under-the-hood tech. 

The derailleur retains a slim Shadow outline and – maybe to the disappointment of some – the standard B-bolt mounting system. 

However, this means XTR Di2 can be fitted to bikes with and without a SRAM UDH (Universal Derailleur Hanger), allowing for wider compatibility than SRAM’s Full Mount-only Transmission drivetrains.

Shimano XTR Di2 M920 fitted to a Marin Alpine Trail XR enduro mountain bike
The derailleur retains its b-tension and limit screws. Scott Windsor / Our Media

The shifting will also be familiar to anyone who’s ridden Shimano's previous XTR M9100 drivetrain

There’s a crispness to a well-timed shift; press the lever as a shift ramp on the cassette, and the chain and derailleur align, with gear changes feeling clean, precise and quiet. 

But like on a cable-operated system, miss the opportune moment and the shifting can be crunchy, noisy or, at worse, accompanied by a bang.

However, what XTR Di2 M9200 makes up for in outright shift consistency, it makes up for with speed.

Shimano XTR Di2 M920 fitted to a Marin Alpine Trail XR enduro mountain bike
XTR is Shimano's range-topping kit. Scott Windsor / Our Media

Riders who prioritise shift speed, shifter familiarity and wider bike frame compatibility will love XTR M9200 Di2 compared to SRAM’s Transmission.

Those looking for the ultimate in shift quality, the ability to rebuild and the easiest system to set up will probably prefer Transmission.


Shimano XTR Di2 M9200 drivetrain headline figures: 

  • Total weight (including 170mm cranks with 32t chainring, rear derailleur with battery, 126-link chain with quick link, 10-51t cassette and Di2 shift switch): 1,737g 
  • Total price (including 165mm cranks with 32t chainring, rear derailleur (plus battery and charger), 10-51t cassette and shifter): £1,399.94 / $1,801 (plus £59.99 / $68.99 for CN-M9200 chain)

Shimano XTR Di2 M9200 drivetrain details and specifications

Shimano XTR Di2 M920 fitted to a Marin Alpine Trail XR enduro mountain bike
The derailleur is set up and installed like any traditional, mechanical model. Scott Windsor / Our Media

Shimano XTR Di2 M9200 drivetrain real-life weights 

  • Shimano XTR Di2 M9250 12-speed rear derailleur (SGS): 416g (including battery)
  • Shimano BT-DN320 battery: 23g 
  • Shimano XTR SW-M9250-R Di2 shift switch: 100g (with I-SPEC EV mount) 
  • Shimano XTR CS-M9200 10-51t 12-speed cassette: 367g 
  • Shimano XTR CN-M9100 126 link chain with quick link: 268g 
  • Shimano XTR FC-M9220 170mm crankset: 522g 
  • Shimano XTR SM-CRM96 32t chainring: 64g 
  • Total: 1,737g

Shimano XTR Di2 M9200 drivetrain installation and setup 

Shimano XTR Di2 M920 fitted to a Marin Alpine Trail XR enduro mountain bike
To set the B-tension, simply line up the lowest sprocket with this handy guide. Scott Windsor / Our Media

Installation is relatively simple. 

The cassette bolts to the freehub like any other Microspline unit, the cranks install in the same way – pinch bolts and all – and the derailleur screws neatly onto the hanger.

Shimano XTR Di2 M920 fitted to a Marin Alpine Trail XR enduro mountain bike
The ball and socket joint thumb levers make adjustment easy. Scott Windsor / Our Media

Setting the derailleur’s B-tension screw is the same, too. Pop the derailleur in the lowest sprocket and line up the bottom of the cassette’s lowest sprocket teeth with the line on the back of the cage. 

Fine tuning or trimming the derailleur is also easy either via the E-Tube app or directly on the drivetrain. 

Pairing the derailleur and shifter is also intuitive, and possible without the E-Tube app. 

In theory, it’s all easy. 

Unknown variables 

Shimano XTR Di2 M920 fitted to a Marin Alpine Trail XR enduro mountain bike
I had to replace the stock UDH with a more expensive version from Burgtec to get the derailleur's adjustment within spec. Scott Windsor / Our Media

That is until you start adding unknown variables into the mix. 

Cue the stock UDH fitted to my test bike, the 2024/2025 Marin Alpine Trail XR, and to a lesser extent, its rear triangle.

Despite the setup going well on the repair stand, I was dissatisfied with general shift performance and the noise it made in the fourth gear on my initial shakedown rides. 

Here, the derailleur was clicking and sneezing as it was trying to pull the chain up into the third gear. 

To remedy this, I ended up with the trim function in its +18 position, which is the maximum outboard setting possible.

Shimano XTR Di2 M9200 fitted to a Marin Alpine Trail XR enduro mountain bike
UDH issues aside, M9200 is easy to install. Scott Windsor / Our Media

Set like this, the sneezing was reduced, but having the derailleur’s adjustment maxed out was far from ideal. 

After again eliminating any possible setup issues, I focused on the UDH. Like many things in the MTB world, not all UDHs are equal. Some will be exact replicas of their design specifications, others less so.

To eliminate a potentially imperfect UDH, I installed a £35 Burgtec unit on the bike. 

This helped remedy the fourth gear shifting issues, and I was able to move the trim setting back to its +9 position.

It's almost impossible to pin poor shift performance on one specific component. The stock UDH could be at fault, as could the frame. Equally, the derailleur's ability to handle a UDH that's out of spec may be the problem. In a perfect world, all the bike's components would be within their design specifications, and if they are, issues are likely to be way less common.

Shimano XTR Di2 M9200 drivetrain performance

Shimano XTR Di2 M9200 fitted to a Marin Alpine Trail XR enduro mountain bike
You cannot criticise XTR for slow shifting. Scott Windsor / Our Media

I fitted the Burgtec UDH and tested Shimano XTR M9200 Di2 on my Marin Alpine Trail XR enduro bike over a six-month period across Scotland. I chalked up 730km and 30,656m of elevation.

Shimano XTR Di2 M9200 fitted to a Marin Alpine Trail XR enduro mountain bike
The battery is protected within the heart of the derailleur. Scott Windsor / Our Media

Like other drivetrains I’ve tested, I’ve not been protective of XTR, but have looked after it and cleaned it as I expect an owner of a £1,399 drivetrain would. 

After removing the factory grease from the chain and cassette, I’ve lubed it exclusively with White Lightning’s Clean Ride drip wax from day one. 

It’s had a thorough workout, and I believe I’ve spent enough time on it to draw conclusions about its performance and longevity. 

Shimano XTR Di2 M9250 rear derailleur performance

Shimano XTR Di2 M9200 fitted to a Marin Alpine Trail XR enduro mountain bike
Clutch tension is good, but it's annoying not being able to turn it off or lock the cage forward to remove the back wheel. Scott Windsor / Our Media

Shimano XTR Di2 M9250 rear derailleur robustness and durability 

The £550 XTR derailleur is way more robust than it looks. 

Its carbon fibre outer cage brushes off quarrels with rocks and the insides of ruts on bermed corners without so much as a scratch. 

Punish it a little harder and the carbon cage marks, but its fibres don’t splinter, shatter or crack. The lacquer doesn’t even peel or flake, despite whatever it’s being smashed into doing its best.

Shimano XTR Di2 M9200 fitted to a Marin Alpine Trail XR enduro mountain bike
The derailleur brushed off plenty of abuse. Scott Windsor / Our Media

Likewise, the P-knuckle to the cage's join is as play-free and true as it was on day one, despite the front of the clutch housing bearing the scars of a few rock strikes. 

Compared to other derailleurs – think SRAM’s Transmission – XTR’s most damageable sections have remained relatively unscathed without any change in my riding style. 

The 16mm thinner profile keeps the derailleur out of harm’s way in the first place. 

Combined with its robust design, the chances of damage are low.

Shimano XTR Di2 M920 fitted to a Marin Alpine Trail XR enduro mountain bike
Chain chatter and slap wore the chainring's teeth relatively quickly. Scott Windsor / Our Media

The B-knuckle and B-bolt also remained slop- and play-free during the test period, along with each of the parallelogram’s pivots. 

For the lofty asking price, the derailleur’s a quality piece of kit that can withstand the rough and tumble of enduro riding in the harshest conditions. 

Shimano XTR Di2 M9250 rear derailleur shift performance

Shimano XTR Di2 M9200 fitted to a Marin Alpine Trail XR enduro mountain bike
Shifts are fast and, if timed well, crisp. Scott Windsor / Our Media

The shift performance is perhaps equal to the robustness. 

Many people have asked me to summarise XTR Di2’s performance, and my most common response is “it’s good”. 

That sounds lukewarm, but the issue is that when SRAM launched Transmission, everyone’s expectations of shift performance were elevated to a new level. 

Back to XTR Di2.

Shimano XTR Di2 M9200 fitted to a Marin Alpine Trail XR enduro mountain bike
Despite the 3M tape wearing, the cranks are still robust, not bending or getting otherwise damaged. Scott Windsor / Our Media

There’s no shift mapping; if you hammer the shifter button 12 times in quick succession, the derailleur will move exactly when you tell it to and by the same number of clicks. 

You’d be a fool for criticising XTR M9200 for slow shifting because it’s lightning-quick. 

Racers who need to bang through the gears, or those who like block shifting, are going to rejoice, but this sort of performance doesn’t come without its pitfalls. 

The downsides of speed

Shimano XTR Di2 M9200 fitted to a Marin Alpine Trail XR enduro mountain bike
It uses a standard mounting system, and will work with any frame made in recent history. Scott Windsor / Our Media

If you manage to time each of your shifts so the derailleur, chain and cassette are aligned perfectly, the quality is impressive. 

But doing so is a game of chance rather than skill; no one is carefully surveilling the location of the cassette’s shift ramps and waiting for the perfect shift zone to pass the derailleur before shifting. 

While the results of shifting at the wrong time aren’t disastrous or frequent, the number of perfect shifts didn't quite live up to my expectations.

Shimano XTR Di2 M9200 fitted to a Marin Alpine Trail XR enduro mountain bike
The derailleur is way more robust than it looks. Scott Windsor / Our Media

A cough, splutter, clonk, bang or even interruption in drive as the chain engages the next cassette sprocket is not uncommon, mimicking the performance of a standard cable-operated system, or SRAM’s previous-generation AXS drivetrain derailleurs. 

Whether you think that’s a deal breaker will depend on your needs. 

Is lightning-fast shifting at the occasional detriment of quality your priority? Or is almost total shift consistency more important, even if some shifts are slower?

Chain jams

Shimano XTR Di2 M9200 fitted to a Marin Alpine Trail XR enduro mountain bike
It's possible to jam the chain by shifting all 12 gears at once; there's no in-built protection. Scott Windsor / Our Media

Chain jams, caused by multiple successive shifts, are possible. 

Mash the shift button 12 times and the derailleur will move as quickly as your thumb does from one end of the cassette to the other. 

In this scenario, it’s possible to jam the chain – there’s no in-built override protection stopping you from bulk shifting the entire cassette. 

While it’s unlikely to happen because you’d have to choose to lock up your drivetrain, it would have been nice if the derailleur’s software could identify how many shifts you’d made and stop itself from moving further to avoid damage.

Stars aligning

Shimano XTR Di2 M9200 fitted to a Marin Alpine Trail XR enduro mountain bike
Di2 kit can connect to your Garmin to display data such as battery life and selected gear. Scott Windsor / Our Media

Aside from these complaints, shift quality is generally very good. 

The consistency is predictable, even when the shift-ramp timing gods don’t quite align. 

There are only a few instances when its behaviour isn’t as expected; performance melts into the background rather than standing out, which is no bad thing. 

Shimano XTR Di2 M9250 rear derailleur clutch performance

Shimano XTR Di2 M9200 fitted to a Marin Alpine Trail XR enduro mountain bike
XTR Di2 M9200 in all its glory. Scott Windsor / Our Media

Ditching the adjustable-tension clutch was a bold move. 

It was a big differentiator between Shimano and SRAM derailleurs, with Shimano’s design favoured even compared to SRAM’s latest Transmission. 

Now without an on/off switch, it’s more of a pain to remove and install the rear wheel. 

You have to manhandle the derailleur forwards to get enough slack on the chain to fit the wheel because the cage can’t be locked, and neither can it be turned off. 

But the trade-off for time wasted in the workstand is decent clutch tension on the trail.

Shimano XTR Di2 M9200 fitted to a Marin Alpine Trail XR enduro mountain bike
Shimano's shifts are quicker than SRAM's, but not as refined. Scott Windsor / Our Media

On rough terrain, chain slap is controlled and noises quietened, although not muted entirely. 

It’s still possible to hear the chain whipping about on occasion, especially on particularly rough successive bumps.

It's quieter than SRAM's Transmission in this respect; XTR's clutch tension – for its lack of on/off switch – is tougher than before, and better than the competition.

But testament to its performance, the chain didn’t drop once while descending during the test period. 

Although getting the adjustability back would increase the P-knuckle's width, it would be great to have the option to add more clutch tension on particularly noisy bikes. 

Shimano XTR Di2 SW-M9250-R shift switch performance

Shimano XTR Di2 M9200 fitted to a Marin Alpine Trail XR enduro mountain bike
The shifter is slim and ultra-adjustable. Scott Windsor / Our Media

The pièce de résistance of the new XTR drivetrain, the shifter is excellent. 

Although it’s clearly an electronic emulation of a mechanical design, this doesn’t detract from its performance. 

The adjustable shift lever buttons can be adjusted easily – thanks to the ball and socket joint – so they’re in the right position for you.

Shimano XTR Di2 M9200 fitted to a Marin Alpine Trail XR enduro mountain bike
The derailleur's battery is small and sits behind a cover. Scott Windsor / Our Media

There’s a familiarity with how it operates and feels, replicating the ergonomics of Shimano’s much-loved 12-speed mechanical shifters. 

Both buttons’ input force, travel and feedback are spot-on; shifting on rough terrain doesn’t result in unwanted multiple taps, thanks to just the right amount of feedback. 

My preference was the single-click shifting option.

Shimano XTR Di2 M9200 fitted to a Marin Alpine Trail XR enduro mountain bike
A third button can be used to control ebike mode, among other things. Scott Windsor / Our Media

While the ‘push through’ double-click shift felt good, I didn’t find it necessary because of the speed of the derailleur’s shifts.

Visually, it’s slim, sitting snugly under the brake lever. People who dislike SRAM’s larger Pod Controllers will love the XTR shift switch. 

But whether  what is essentially an electronification of a mechanical shifter is for you will depend on your needs. 

Shimano XTR CS-M9200 10-51t 12-speed cassette performance

Shimano XTR Di2 M9200 fitted to a Marin Alpine Trail XR enduro mountain bike
The cassette uses the same ratios as Shimano's current 12-speed models. Scott Windsor / Our Media

The cassette’s design has a pivotal role in how gear changes feel, with its shift lanes dictating when the chain can – and can’t – move onto the next cog, and there are plenty of opportunities for gear changes with M9200’s design. 

Shimano’s carefully considered gear ratios are all present and correct. 

The jump between each ratio is perfected to avoid significant differences in cadence, particularly between the 45t and 51t sprockets. 

Shimano XTR CS-M9200 10-51t 12-speed cassette wear

Shimano XTR Di2 M9200 fitted to a Marin Alpine Trail XR enduro mountain bike
The light-colored finish hides the wear better than the darker M9100 cassette's colour. Scott Windsor / Our Media

While the cassette’s teeth haven’t become hooked, worn or blunted during the test period, it has lost its shine aesthetically. 

The shift ramps and front faces of each of the teeth – particularly in the large sprocket sizes – have worn down to a bare metal finish. 

Its wear rate is similar to the previous-generation M9100 cassette, but the coating's lighter colour makes it harder to notice. 

However, some may be disappointed considering the £400 asking price. 

Shimano XTR FC-M9220 crankset with Shimano XTR SM-CRM96 32t chainring performance

Shimano XTR Di2 M9200 fitted to a Marin Alpine Trail XR enduro mountain bike
The cranks have trail and enduro (pictured) and XC versions. Scott Windsor / Our Media

Although the cranks come fitted with protective 3M tape, this wasn’t enough to abate paint rub and crank-finish wear. 

My riding position means I'm very hard on cranks and the XTR’s flat outer surface has taken the brunt of the rub. 

Within just a few weeks, they’d begun to look tatty, and after a couple of months, the protective tape wore through and was peeling off. 

Once the finish was exposed, it only took a few rides to polish it up.

Shimano XTR Di2 M9200 fitted to a Marin Alpine Trail XR enduro mountain bike
The 3M protective tape was quick to wear, leaving the flat surface open to damage and polishing. Scott Windsor / Our Media

Fortunately, they’ve proven to be structurally robust, resisting bending from floor and rock strikes, and general damage from riding. 

Riders wanting to maintain the cranks’ aesthetics should cover them with thicker tape before riding. 

The chainring has fared similarly to the cassette. 

Most of the teeth’s finish has been rubbed off to some degree, but they’ve not blunted or become hooked during the test period.

Shimano XTR Di2 M9200 fitted to a Marin Alpine Trail XR enduro mountain bike
The chainring has a silver coating on it, but uses the same teeth profile as the previous-generation M9100 model. Scott Windsor / Our Media

However, the teeth that are in constant on / off contact with the chain where it exits towards the derailleur have started to wear down. 

This is a common sight on 1x drivetrains, where chain slap while descending wears these teeth quicker than the rest of the ring. 

For the £130 asking price, I’d have expected the chainring to wear slower. 

Shimano XTR Di2 M9200 drivetrain bottom line

Shimano XTR Di2 M9200 fitted to a Marin Alpine Trail XR enduro mountain bike
Is XTR Di2 worth the cash? Scott Windsor / Our Media

Shimano’s new XTR M9200 Di2 isn’t as bold as it could or should have been. 

No rulebooks have been ripped up, no boundaries pushed or drivetrains reinvented. 

While we’ll all concede that’s a shame for innovation, in doing nothing special with XTR Di2 M9200, Shimano has created a relatively refined, familiar-feeling setup that’ll work on any bike made in recent history. 

Shifting and general performance echoes this; it’s very good, but not exceptional. 

Is the allure of XTR Di2’s electrification enough to justify the hike in cost over M9100? In my opinion, no – it doesn’t perform that much better than its cable-operated counterpart. 

What would I buy? If I wanted the best-performing, most affordable, durable, lightest-weight kit, I’d still get a mix-and-match smorgasbord of SRAM’s GX, X0 and XX Transmission components rather than going for a full XTR Di2 setup. 

Product

Brand Shimano
Price £1399.94, $1801.00
Weight 1737g
br_whatWeTested Shimano XTR M9200 Di2

Features

Crank options 1x
Speed 12
Cassette options 10-51, 9-45
Chainring options 29-38t