Transportation

Xiaomi Rides Fan Base to EV Profitability Faster Than Tesla

Xiaomi YU7 electric vehicles displayed at one of the company's stores in Beijing.Photographer: Na Bian/Bloomberg

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By Linda Lew

November 19, 2025 at 6:17 AM UTC

Updated on

November 19, 2025 at 9:46 AM UTC

Xiaomi Corp. parlayed its popularity with an existing customer base to rake in orders for its push into electric cars, reaching profitability in less than half the time it took Tesla Inc.

The consumer electronics giant on Tuesday reported a 700 million yuan ($98 million) profit for its EV and artificial intelligence division in the quarter ended Sept. 30 — roughly 19 months after launching its SU7 electric sedan.