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Xiaomi Expects EV Business to Turn Profitable in Second Half of 2025

  • tech360.tv
  • Jun 4
  • 1 min read

Xiaomi founder and CEO Lei Jun said the company expects its electric vehicle business to become profitable in the second half of 2025, according to a company spokesperson.


Man in a dark suit stands on stage with a microphone, smiling. "mi" logo in red and white appears in the background on a black screen.
Credit: Lei Jun

The announcement comes as Xiaomi reported a loss of 0.5 billion yuan (USD 69.5 million) from its smart EVs, artificial intelligence, and other new ventures for the quarter ending March 31.


Despite the loss, Xiaomi’s EV business generated 18.1 billion yuan in revenue during the same period.


The company plans to launch its second electric vehicle model, the YU7, in July.

  • Xiaomi expects EV business profitability in H2 2024

  • Q1 loss from new ventures totalled USD 69.5 million

  • EV revenue reached 18.1 billion yuan in Q1


Source: REUTERS

 
 
 

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