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Lei Jun: Xiaomi Auto Anticipated to Make Profit in 3-4Q25
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The losses in XIAOMI-W (01810.HK)'s automotive business are tapering off, said Lei Jun, founder of XIAOMI-W, at the Xiaomi Investor Conference, anticipating to achieve profit in 3-4Q25. He also mentioned that the latest Xiaomi YU7's price will not be the rumored RMB235,900, and the official pricing will be confirmed 1-2 days prior to launch. The company has allocated a total budget of RMB3.5 billion for intelligent driving R&D in the YU7, positioning its overall investment at a leading level in the industry. Lei noted that XIAOMI-W started investing in the robotics field five years ago, and the automotive plant is testing related capabilities. Xiaomi's auto chips are under development, being expected to be launched soon. AASTOCKS Financial News Website: www.aastocks.com |
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