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Xiaomi Group: Revenue from innovative businesses such as smart electric vehicles and AI to surpass RMB 100 billion by 2025
Xiaomi Group announced that the revenue for the smart electric vehicle and AI innovation business segment in 2025 is expected to reach RMB 106.1 billion, exceeding RMB 100 billion, with a year-on-year growth of 223.8%. Among this, the revenue from smart electric vehicles is RMB 103.3 billion, while other related business revenue is RMB 2.8 billion. For this year, the gross margin of the smart electric vehicle and AI innovation business segment is 24.3%, an increase of 5.8 percentage points year-on-year. In 2025, the smart electric vehicle and AI innovation business segment will achieve positive operating income for the first time, with an operating income of RMB 900 million for this year.