June 3, 2025
Xiaomi expects auto business to turn profitable in second half of the year
Xiaomi reports a loss of 0.5 billion yuan from its smart electric vehicles, AI, and other new projects in the quarter ended March 31
June 3, 2025
Xiaomi founder and CEO Lei Jun said on Tuesday he expects the company’s auto business to become profitable in the second half of the year.
Xiaomi reported a loss of 0.5 billion yuan, or $69.5 million, from its smart electric vehicles, AI, and other new projects in the quarter ended March 31. During the same period, its electric vehicle business generated revenue of 18.1 billion yuan.
The company plans to begin selling its second electric vehicle model, the YU7, in July.
Our monitoring team diligently searches the vast expanse of the web to carefully handpick and distill top-tier business and economic news stories and articles, presenting them to you in a concise and informative manner.
View all articles →0 Comments
No comments yet. Be the first to join the discussion!
