Chinese technology giant Xiaomi, 2024 for the third quarter published its report on the financial situation. The published report shows that Xiaomi entered the electric car industry. share results that exceed predictions as long as.

If we look at Xiaomi’s statements, we see that the company’s revenues $12.77 billion We see that it is registered as . This amount is higher than in the same period last year. 30 percent high. It was announced that 10.5 percent of this revenue came from sales of Xiaomi SU7. Analysts had forecast $12.75 billion.

Xiaomi also increased its net profitability

Xiaomi in the third quarter of 2024 $875 million He announced that he had made a profit. This figure was 9.7 percent more than in the same period last year. But let’s explain this straight away; Xiaomi didn’t make a profit on the car side. According to the company’s statement, Xiaomi belongs to the automotive category. Lost $225 million. Let’s just say this isn’t surprising for the industry.

The Chinese tech giant also shared information about smartphone sales. According to the statement in the third quarter of the year 42.8 million units A smartphone shipment has been made. Xiaomi, with these statistics the third largest in the world It was registered as a smartphone manufacturer.