Xiaomi Motors delivered 200,000 vehicles, achieving record annual revenue, but lost RMB 45,000 for each vehicle sold

Xiaomi Group's 2024 financial report shows that the annual revenue is 365.9 billion yuan, a year-on-year increase of 35.0%, and the adjusted net profit is 27.2 billion yuan, a year-on-year increase of 41.3%. Smart electric vehicle revenue is 32.1 billion yuan. Xiaomi SU7 series cars delivered 136,854 units, with an average sales price of 234,479 yuan per vehicle. Smart electric vehicles and other innovative businesses have an adjusted net loss of 6.2 billion yuan, with an average loss of 45,300 yuan per car sold. Xiaomi Auto is expected to deliver 350,000 units this year.