Xiaomi's Q2 2026 financial report shows auto revenue of 23.9 billion yuan with 104,199 deliveries, but segment operating losses expanded to 2.6 billion yuan and gross margin fell to 19.2%.
52620 days ago
Xiaomi Group reported Q2 2026 earnings with smart EV and AI innovation business revenue of $3.5B, including $3.3B from EV sales. Quarterly deliveries reached 104,199 units, up 28.2% YoY. However, auto business gross margin fell to 19.2% with operating losses of $360M, and the annual 550K delivery target is only ~33% complete.
45923 days ago
On August 17, 2026, Geely Automobile announced a major management reshuffle: Li Shufu resigned as Chairman to become Lifetime Honorary Chairman, while An Conghui succeeded him. The interim report released the same day showed H1 revenue of 173.6 billion RMB (+15% YoY) and core net profit of 9.68 billion RMB (+46% YoY), with gross margin rising to 17.9%.
54226 days ago
On August 13, Xiaomi Group Partner and President Lu Weibing announced that the Xiaomi HyperOS 4 Beta would be released directly to users for public testing without a traditional press conference. This decision marks a new approach in Xiaomi's software iteration strategy—using real user feedback instead of stage presentations to drive continuous optimization of the system experience.
34029 days ago
Xiaomi's SU7 recorded retail sales of 21,044 units in July 2026, marking the fourth consecutive month above 20,000 units. As Xiaomi EV's first mass-produced model, the SU7 achieved stable monthly sales within months of launch, demonstrating precise product definition capabilities.
43930 days ago
In August 2026, Xiaomi Auto's ecosystem continues expanding: former ByteDance robotics lead joined Xiaomi Auto, the YU7 segment draws industry attention with four new models entering in August-September. Meanwhile, Xiaomi SU7 pushes OTA 1.17.
31634 days ago
In H1 2026, Chengdu topped China's city auto sales with approximately 264,200 units. The CPCA reported the NEV market is bidding farewell to universal growth, with industry destocking accelerating.
19138 days ago
China's new energy vehicle market reached a historic milestone in July 2026, with electric vehicle market share exceeding 50% for the first time, while BYD continued to lead with nearly 350,000 monthly sales.
46343 days ago
BYD Denza officially announced the Z9S will begin presales on August 3 at 19:30. Positioned as a tech-luxury intelligent sedan, it offers rear-wheel-drive single-motor and tri-motor AWD variants, with a maximum CLTC range of 920km and tri-motor output of 890kW.
42644 days ago
China Auto Data Research released H1 2026 pure electric vehicle sales TOP40 data. Star Wish leads with 194,200 units, Tesla Model Y follows with 172,500 units, and Li i6 ranks third with 120,400 units. The pure EV market shows a solidified "two-hot-ends" pattern.
62645 days ago
On June 18, 2026, five Chinese ministries jointly launched the annual NEV rural promotion program with 155 models in the recommended catalog, covering the 30,000-300,000 yuan price range. Trade-in subsidies have no quota limits, and rural consumers can enjoy combined benefits of up to 40,000 yuan.
47551 days ago
Clean Technica released Jan-May 2026 global NEV registration data. Chinese brands claimed 8 of the top 10 spots, with only Tesla Model Y and Model 3 as exceptions. Model Y leads with 408,200 units sold.
79159 days ago
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