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Xiaomi sees big profit jump thanks to EV shift

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Xiaomi sees big profit jump thanks to EV shift

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Xiaomi sees big profit jump thanks to EV shift
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Athira Sethu

Kochi, 19 Nov 2025

Xiaomi’s third-quarter profit surged by 80.9%, reaching 11.3 billion yuan ($1.59 billion), driven by growth in electric vehicles (EVs), AI, and other new initiatives. The company’s revenue for the quarter rose by 22.3% to 113.1 billion yuan ($15.90 billion), though slightly below analysts’ expectations.

Key FiguresQ3 2023Q2 2023Q1 2023
Adjusted Net Profit11.3 billion yuan ($1.59 billion)N/AN/A
Revenue113.1 billion yuan ($15.90 billion)N/AN/A
EV Revenue28.3 billion yuan20.6 billion yuan18.1 billion yuan
Stock Performance-2.81% (Closed at 41 HKD)+18.2% YTDN/A

Xiaomi’s EV business continued to show strong growth, making significant contributions to its overall performance.

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