Xiaomi, EV and Europe
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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.
A rise in shipments of smartphones, especially in Southeast Asia, helped to boost Xiaomi's second-quarter revenue by 30.5%, the smartphone and EV company said on Tuesday, against the backdrop of a sluggish global market.
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.
Chinese Tech Multinational has reported a 30.5% jump in revenue in Q2 2025, with the help of strong demand for its YU7 EV, as per a Reuters report., Electric Vehicles,
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on competition in the solar industry, highlighting efforts to standardize competition and promote the orderly exit of outdated production capacity.
China's Xiaomi reported a 30.5% jump in second-quarter revenue on Tuesday, helped by strong orders for its new YU7 electric SUV. Revenue for the quarter ended June 30 was 116 billion yuan ($16.16 billion),
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.