Xiaomi Starts Earning Profits From Its EV Division

2025-11-25 02:03:31

(MENAFN- Investor Brand Network) Xiaomi's new electric vehicle division has turned profitable roughly 19 months after launching its first car. Combining intelligent vehicles, artificial intelligence, and other initiatives, the business unit generated $4.0 billion in operating profit between July and September in pre interest and taxes revenue. Battery electric vehicles (BEV) alone represented $3.9 billion of the revenue generated during the third quarter of the year.

The rise of Xiaomi within the EV space gives North American firms like Bollinger Innovations, Inc. (OTC: BINI) needed encouragement that they too...

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