Xiaomi Group released its third quarter financial report for 2024, with outstanding performance in its smart electric vehicle business

In Xiaomi Group's third quarter financial report for 2024, its smart electric vehicle and other innovative business divisions had revenue of 9.7 billion yuan, with a gross profit margin of 17.1%, of which smart electric vehicles had revenue of 9.5 billion. In the quarter, Xiaomi has delivered 67,157 new Xiaomi SU7 series vehicles, and delivered more than 20,000 vehicles in October alone. The annual delivery volume is expected to reach about 130,000 vehicles. In addition, Xiaomi Group's overall gross profit margin is 20.4%, and the gross profit margin of the mobile phone xAIoT division is 20.8%.