What to Know About xiaomi’s EV and AI business posts second straight quarterly loss
Xiaomi’s new initiatives, which include EV and AI, posted a loss from operations of 2.6 billion yuan ($383 million) in the second quarter.
Xiaomi’s new initiatives, which include EV and AI, posted a loss from operations of 2.6 billion yuan ($383 million) in the second quarter.
Multiple automakers, including Tesla, Xiaomi, Geely, Leapmotor and Xpeng, filed recall plans on the same day, covering more than 7 million vehicles in total.
Xiaomi said the Xring D100 is China’s first high-computing-power smart-driving chip built on a 3-nm process and can run models with up to 200 billion parameters locally.
Xiaomi Auto’s international website says the brand will officially enter Europe in 2027, and it has opened inquiries for dealer and distribution partnerships.
The 3 companies have committed a combined 22 million yuan ($3.24 million) for emergency relief, temporary resettlement and post-disaster reconstruction.