Xiaomi's EV Division Achieves First Quarterly Profit
Update: 2025-11-18
Description
Xiaomi, the Chinese tech giant, has achieved a significant milestone in its electric vehicle business, reporting its first quarterly profit just two years after launching its first car. The division, which includes EVs, AI, and other new initiatives, saw a gross profit of nearly one hundred million dollars for the quarter ending in September. Revenues for this division hit a record high of four billion dollars, with almost four billion dollars coming from electric vehicle sales. Xiaomis success is remarkable, especially considering the challenges EV makers face in turning a profit. Despite a stock price dip after a fatal crash, Xiaomi delivered over one hundred thousand EVs in the third quarter, placing it among a small group of companies that have managed to avoid the Valley of Death in the EV market.
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