Xiaomi’s innovative businesses, which include EV and AI, posted a gross margin of 23.2 percent in the first quarter, up from 20.4 percent in the fourth quarter last year.
In the first quarter, Xiaomi delivered 75,869 SU7 series vehicles, up 8.86 percent from 69,697 in the fourth quarter.
Xiaomi’s EV business brings in $2.5 billion in revenue in Q1, up 11% from Q4
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