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Nov 19, 2025 8:00 AM

This Chinese Tesla Rival Just Recorded Its First Ever Profit From EV Sales

Chinese tech giant Xiaomi Corp (OTC:XIACY) (OTC:XIACY) reported its first-ever profit from its EV arm as it reported its third-quarter financial results that saw overall profits soar 80.9% to RMB11.3 billion (approximately $1.5 billion).

Deliveries Surpassed 100,000 Units

Xiaomi reported a profit of RMB700 million (approximately $98.4 million) from its EV arm, according to a statement released by the company on Tuesday. Xiaomi's EV deliveries in Q3 exceeded 100,000 units, reaching 108,796 deliveries in the quarter.

Cumulative deliveries for the first three quarters "exceeded 260,000 vehicles," ...