GUANGZHOU -- Chinese tech group Xiaomi expects to see the first profit in its electric vehicle business in 2025, a little over a year after entering the EV market, as it tries to strike a balance between price and performance.
Electric cars in China
Xiaomi's latecomer EV business on track to turn a profit this year
Chinese company logs brisk sales, but production struggles to keep up
Xiaomi's new YU7 electric SUV received 240,000 preorders within the first 18 hours of being released in June. (Photo by Itsuro Fujino)
Read Next
Latest on Electric cars in China
