Xiaomi's 2nd-quarter revenue up 30.5%, boosted by EV orders
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Investors anxiously await an earnings report from Xiaomi Corp., following a rally that has driven its market value up $120 billion in the past year on excitement over its push into electric vehicles.
Record-high revenue from Xiaomi’s Internet-of-Things business and robust EV sales offset slightly lower smartphone revenue.
There will be an extra member in its flagship family. Up until now Xiaomi's flagship line comprised three devices - the vanilla, the Pro, and the
Xiaomi Corp (XIACF) reports a 30.5% revenue increase and strong performance across key segments, despite challenges in the smartphone market.
A new Chinese carmaking behemoth is planning an all out global offensive. Xiaomi, which is best known for making smartphones but now also makes electric cars, is now planning on selling its vehicles in Europe by 2027,
They're expected to arrive next month. Xiaomi is expected to unveil the 15T and 15T Pro next month, around a year after their predecessors. Ahead of
A bigger piece of news after the close was that the Ministry of Industry and Information Technology (MIIT) held a symposium on competition in the solar industry, highlighting efforts to standardize competition and promote the orderly exit of outdated production capacity.
Xiaomi Corp. reported quarterly revenue of 116 billion yuan, up 31% year-on-year and slightly above analyst expectations, as booming demand for its recently launched YU7 SUV helped offset softer smartphone sales and lifted net income to 11.
Xiaomi’s automotive push has been fueled by strong momentum at its home market. In the second quarter of 2025 alone, it delivered 81,302 vehicles, H1 total to 157,000. With production of the YU7 accelerating, deliveries are expected to increase, although some customers are already facing waits of more than a year.