Wedoany.com Report-Aug. 21, On August 19, 2025, Xiaomi announced its second-quarter financial results, achieving revenue of 116 billion yuan, a 30.5% increase year-on-year. This marks the third consecutive quarter with revenue exceeding 100 billion yuan. The company’s adjusted net profit rose 75.4% to 10.8 billion yuan, surpassing the 10-billion-yuan mark for the period.

Xiaomi’s innovation businesses, including smart electric vehicles (EVs) and AI, generated 21.3 billion yuan in revenue, with smart EVs contributing 20.6 billion yuan and other related businesses adding 600 million yuan. The segment reported a 26.4% gross margin, with operating losses reduced to 300 million yuan, outperforming analyst forecasts. Xiaomi attributed this to lower component costs, improved manufacturing efficiency, and the successful launch of its premium SU7 Ultra sedan.

In Q2 2025, Xiaomi delivered approximately 81,000 vehicles, a 197.7% increase from the 27,300 units delivered a year earlier. By July 2025, cumulative EV deliveries exceeded 300,000 units. The launch of the luxury Xiaomi YU7 SUV saw over 240,000 orders within 18 hours. To support this growth, Xiaomi expanded its sales and service network to 335 retail stores across 92 cities in mainland China.

Xiaomi’s president, Lu Weibing, stated: “Our strong Q2 performance reflects the robust growth of our EV and AI businesses, driven by innovation and operational efficiency. We are committed to scaling production and expanding our market presence to meet rising demand.”

The company’s momentum continued into July 2025, with over 30,000 vehicles delivered, a 20% increase from June and a 121% rise year-on-year. Xiaomi’s first factory, with an annual capacity of 150,000 units, is producing around 24,000 vehicles monthly, nearing its maximum output. A second factory with equivalent capacity is now operational, and a third is under construction to meet growing demand.

Xiaomi’s focus on cost optimization and production expansion strengthens its position in the competitive EV market. The company’s investment in manufacturing and retail infrastructure supports its ambition to lead in smart vehicle technology, contributing to the growth of China’s new energy vehicle sector.