GUANGZHOU -- Chinese smartphone maker Xiaomi reported early success in its electric vehicle business, but maintaining its rapid growth will hinge on boosting profit margins on the company's mainstay mobile phones.
Chinese company builds 100,000th electric car but struggles to raise handset prices

Xiaomi released its first electric vehicle, the SU7, this past March. (Photo by Shunsuke Tabeta)
GUANGZHOU -- Chinese smartphone maker Xiaomi reported early success in its electric vehicle business, but maintaining its rapid growth will hinge on boosting profit margins on the company's mainstay mobile phones.