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Xiaomi EV Division Profitable in Just 19 Months, Hits $4B Revenue

Xiaomi's EV division achieves profitability in just 19 months with $4B quarterly revenue. Battery electric vehicles generated $3.9B, showing rapid success in competitive EV market.

Xiaomi's rapid profitability in the electric vehicle market demonstrates that tech companies can successfully disrupt traditional automotive manufacturing, potentially accelerating the global transition to electric transportation. This success provides a blueprint for other technology firms considering entry into the EV space and validates investor confidence in the sector's growth potential. For consumers, this increased competition could lead to more innovative features and potentially lower prices as established tech companies bring their expertise in software, artificial intelligence, and user experience to the automotive industry. The achievement also signals that the EV market has matured enough to support rapid scaling and profitability, which could attract more investment and innovation to the sector, ultimately benefiting consumers through improved technology and expanded choices in the electric vehicle marketplace.