China's Xiaomi is selling more EVs than expected, raising hopes it can break even sooner
Publishing timestamp: 2024-04-24 01:08:54
Summary
Xiaomi's new electric vehicle is selling better than expected, putting it closer to break-even despite undercutting Tesla's Model 3 on price. The company aims to deliver 100,000 cars this year and has raised its gross profit margin forecast for its auto business. Xiaomi has long-term ambitions to become one of the top five automakers in the world.
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Keywords: tesla inc, breaking news: technology, markets, business news, byd co ltd, li auto inc, xiaomi corp, nio inc, market insider, stock markets, autos, technology,