Xiaomi reported CNY 46.5 billion ($6.5 billion) in smartphone revenue for Q2 2024, a 27% increase, with strong sales driving their overall growth.
Lu Weibing mentioned that Xiaomi is on track to deliver 120,000 electric vehicles by the end of 2024, reflecting the company's commitment to this new sector.
Despite operating at a loss in the Smart EV segment, Xiaomi generated CNY 6.4 billion ($900 million) in revenue, indicating growth potential for profitability.
With a total of 676 million users in the Xiaomi ecosystem, a notable 11.5% increase YoY, the company shows strong international penetration.
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