Xiaomi’s first EV pulls in US$900 million in second quarter
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Xiaomi reported 6.4 billion yuan (US$897.8 million) in revenue from its electric vehicle (EV) business in Q2 2024; total revenue rose 32% year on year to 88.9 billion yuan; profits increased 38.3% to 5.1 billion yuan; 27,307 SU7s delivered in Q2; net loss of 1.8 billion yuan for EV business; gross profit margin of 15%; monthly deliveries reached around 10,000 in June; target of 100,000 SU7s by November; EV factory in Beijing started double shifts in June; 35,688 SU7s delivered by end of July; Xiaomi aims to expand retail network to 100 centres by year-end; smartphone shipments grew 28% to 42.2 million units in Q2.
#Xiaomi #Ev #Su7 #Revenue #Profits #Automotive #Smartphones #China #Technology #Business
https://www.scmp.com/tech/big-tech/article/3275369/xiaomis-first-ev-pulls-us900-million-second-quarter
South China Morning Post /
npub1x2…knuvq
2024-08-21 12:52:41
Author Public Key
npub1x2q0x7w5tqx0x3j9tdvkvqmetarpr8axhpjq7qw5xxrcysdwtrzssknuvqPublished at
2024-08-21 12:52:41Event JSON
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"content": "Xiaomi’s first EV pulls in US$900 million in second quarter\n==========\n\nXiaomi reported 6.4 billion yuan (US$897.8 million) in revenue from its electric vehicle (EV) business in Q2 2024; total revenue rose 32% year on year to 88.9 billion yuan; profits increased 38.3% to 5.1 billion yuan; 27,307 SU7s delivered in Q2; net loss of 1.8 billion yuan for EV business; gross profit margin of 15%; monthly deliveries reached around 10,000 in June; target of 100,000 SU7s by November; EV factory in Beijing started double shifts in June; 35,688 SU7s delivered by end of July; Xiaomi aims to expand retail network to 100 centres by year-end; smartphone shipments grew 28% to 42.2 million units in Q2.\n\n#Xiaomi #Ev #Su7 #Revenue #Profits #Automotive #Smartphones #China #Technology #Business\n\nhttps://www.scmp.com/tech/big-tech/article/3275369/xiaomis-first-ev-pulls-us900-million-second-quarter",
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