Xiaomi in crisis? E-car success collides with plummeting smartphone sales

[Redaktion]

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

[heffeque]

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.

[jdrch]

Significant government subsidies for car purchases in China will be phased out

This can't come soon enough for German brands.