Reported 3 days ago
Xiaomi Corp announced a significant 30.5% increase in its third-quarter revenue, driven by soaring demand for its first electric vehicle, the SU7 sedan. The company raised its electric vehicle delivery target to 130,000 for the year, surpassing previous estimates as it seeks to capitalize on China's booming EV market. Despite still operating at a loss in its automotive segment, Xiaomi is aggressively investing in manufacturing and technology, including autonomous driving, aiming for substantial growth in the coming years.
Source: YAHOO