Xiaomi Motors delivered 27,307 units in the second quarter

Xiaomi's smart electric vehicle business segment revenue in the second quarter was 6.4 billion yuan, and the first published automotive gross profit margin reached 15.4%. The company plans to open more than 220 automotive sales and service networks by the end of this year, covering 59 cities across the country. Xiaomi Auto delivered 27,307 units in the second quarter, with an ASP of 228,600. In the first half of 2024, the number of auto stores was 87, covering 30+ cities. The automotive business lost 1.8 billion yuan this quarter.