Xiaomi's EV division finally turns a profit

Business Nov 18, 2025

Xiaomi's electric car business just hit its first-ever profit, making 700 million yuan ($98 million) in Q3 2025 after losing money last quarter.
It's a big step for Xiaomi as it tries to join the world's top five carmakers.

What else is happening?

Xiaomi plans to bring its EVs to Europe by 2027, taking on big names like Tesla and BYD.
Even with some delivery delays—up to nine months for certain models—the company shipped over 40,000 cars in both September and October.
Rising memory chip prices could make their phones pricier too, adding pressure as they battle Apple in the premium smartphone space.