Xiaomi’s EV arm makes a profit for the first time
The division, which sold its first car last year, posts a profit of 700 million yuan in the September quarter Xiaomi reported quarterly profit from its electric vehicle (EV) business for…
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Xiaomi’s US$120 billion gain faces scrutiny on smartphone slowdown
Investors anxiously await an earnings report from Xiaomi, following a rally that has driven its market value up US$120 billion in the past year on excitement over its push into electric…
Xiaomi’s revenue rises 31% after second EV excites consumers
Xiaomi’s quarterly revenue rose a slightly better-than-anticipated 31 per cent after the successful launch of its second electric vehicle helped counter slowing demand for smartphones.…
Xiaomi’s YU7 Is an SUV-Sized Middle Finger to Tesla’s Model Y
Compare this to the Cybertruck, which pulled in a claimed 146,000 reservations in its first 36 hours, back in 2019. This soon passed 250,000, and Musk went on to claim that “over one…