Xiaomi’s innovative business, including EVs, posted a gross margin of 20.4 percent in the fourth quarter, up from 17.1 percent in the third quarter.
The innovative business reported an adjusted net loss of RMB 700 million in the fourth quarter, halving from RMB 1.5 billion in the third quarter.
Xiaomi’s EV business brings in $2.25 billion in revenue in Q4, up 71.58% from Q3
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