Xiaomi Auto's Q2 performance was impressive

Xiaomi Auto achieved a 26.4% gross profit margin in the second quarter, with operating revenue reaching 20.6 billion yuan. Meanwhile, operating losses in its innovative business segments, including smart electric vehicles and AI, have narrowed significantly to 300 million yuan, with profitability expected in the second half of the year. Xiaomi Auto successfully delivered 81,302 vehicles this quarter, bringing its cumulative deliveries in the first half of the year to 157,171.