Xiaomi's EV business ends Q3 2024 with $1.3 billion in revenue

19 November 2024
Xiaomi's EV business generated $1.3 billion in revenue in Q3 2024.

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  • zimbabwe

xiaomi are on right track and if they reach their 130,000 target production ( which has already secured sales), then they already profitable. In history of ev cars or even combustion cars, this must be one of the successful cars because if you order now, then you will need almost 6 months on waiting list. Which car has that demand like that.................surely VW and others has to bow down their pride and take some notes

  • Anonymous

Anonymous, 20 Nov 2024You mean that's tha money China had to burn in order to counter direct threat from Israel... moreWTF are you talking about? You posted It in the wrong thread.

  • Anonymous

PSE, 19 Nov 2024Still not clear what VW should learn. Dancing cars? 4 Motors with 2MW power? Not VW target.Not sure either, but It's clear VW has problems.
EVs are not selling like indented and the cheapest VW brand EV is ID.3 costing 30,990-47,290 euro depending on configuration.
That's not really a price for the masses even in EU let alone in the world.

  • Anonymous

You mean that's tha money China had to burn in order to counter direct threat from Israel in middle east conflict. Where Israel has burns like a billion each day.

  • PSE

Anonymous, 19 Nov 2024"I am not sure if VW has to learn something here. The loss of 10% on products made in Chi... moreStill not clear what VW should learn.

Dancing cars?
4 Motors with 2MW power?
Not VW target.

  • Anonymous

"I am not sure if VW has to learn something here. The loss of 10% on products made in China for China is nothing to be proud of."
Revenue: RMB9.5 billion (100%)
Profit(loss): RMB1.5 billion (15.8%)
I don't think this is bad considering this was made by selling only 39,790 cars. Increase production to sell more cars and they will be profitable. The next Quarter will tell us more.

"I do not see anything to be worthy here until we can compare the car pricing on the market outside of china."
Pricing will depends on what tariffs are in that country, but I think the most competitive pricing will still be in China, where the EV competition is the highest.

  • PSE

Anonymous, 19 Nov 2024VW need to learn a lot from Xiaomi If VW can, maybe, just buy Xiaomi car division 😂😂😂I am not sure if VW has to learn something here. The loss of 10% on products made in China for China is nothing to be proud of.
I do not see anything to be worthy here until we can compare the car pricing on the market outside of china.

  • Anonymous

VW need to learn a lot from Xiaomi
If VW can, maybe, just buy Xiaomi car division 😂😂😂

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