English => News => Topic started by: Redaktion on March 25, 2026, 12:01:17
Title: Xiaomi in crisis? E-car success collides with plummeting smartphone sales
Post by: Redaktion on March 25, 2026, 12:01:17
Chinese tech giant Xiaomi has just published paradoxical quarterly results. While its new electric vehicle business, centered around the top-selling SU7 and YU7 models, is outperforming competitors such as Tesla and BYD with record margins, profits in the smartphone sector have plummeted. Exploding hardware costs are taking a toll.