In the third quarter of 2024, we achieved record revenue and solid earnings growth. In the third quarter of 2024, our total revenue reached RMB92.5 billion, up 30.5% year-over-year. Segmentwise, in the third quarter of 2024, revenue of our smartphone × AIoT segment reached RMB82.8 billion, up 16.8% year-over-year; revenue of our smart Electric Vehicle ("EV") and other new initiatives segment reached RMB9.7 billion.
We remain committed to full-stack, in-house technology R&D to advance the intelligent driving experience of our users. On October 30, 2024, we started pushing the City Navigate on Autopilot (City NOA) for all users of the Xiaomi SU7 Pro and the Xiaomi SU7 Max in mainland China.
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