Reported 15 days ago
Xiaomi Corp. has raised its electric vehicle delivery target for 2024 to 130,000, showcasing confidence in its emerging EV business. This increase from the previous goal of 120,000 was announced by billionaire co-founder Lei Jun on social media ahead of the company's quarterly earnings report. Despite anticipated revenue growth, net income is expected to decline due to fierce competition in the EV market from established players like Tesla and BYD.
Source: YAHOO