Xiaomi’s EV Arm Makes a Profit for the First Time
PositiveTechnology

- Xiaomi Corp. has achieved a quarterly profit from its electric vehicle business for the first time, highlighting a significant milestone in its expansion into the competitive EV market. This development underscores the company's strategic shift towards diversifying its portfolio beyond traditional smartphone manufacturing.
- The profitability of Xiaomi's electric vehicle arm is a crucial indicator of its potential success in the automotive sector. This achievement not only enhances the company's market position but also signals to investors and stakeholders that Xiaomi is capable of competing in the rapidly evolving electric vehicle landscape.
— via World Pulse Now AI Editorial System

