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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.

https://www.notebookcheck.net/Xiaomi-in-crisis-E-car-success-collides-with-plummeting-smartphone-sales.1258640.0.html
Title: Re: Xiaomi in crisis? E-car success collides with plummeting smartphone sales
Post by: heffeque on March 25, 2026, 12:17:13
I'm going to assume that all phone brands are having issues with profitability this year. Stupid AI bubble is disrupting everything in a bad way.

As for Xiaomi cars, they can't come to Europe soon enough.
Title: Re: Xiaomi in crisis? E-car success collides with plummeting smartphone sales
Post by: jdrch on March 26, 2026, 00:06:52
QuoteSignificant government subsidies for car purchases in China will be phased out

This can't come soon enough for German brands.
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