### Xiaomi's Electric Vehicle Division Achieves First Profitable Quarter Amidst Competitive Landscape Xiaomi Corp's electric vehicle (EV) division has marked a significant milestone by reporting its first profitable quarter, showcasing the company's successful pivot from its traditional smartphone business to the burgeoning EV market. This achievement comes as Xiaomi faces increasing competition from established players like Tesla and XPeng, highlighting its growing market strength and operational momentum in the EV sector. The company sold nearly 109,000 electric vehicles in just three months, underscoring its commitment to innovation and expansion in this new domain [https://www.scmp.com/tech/big-tech/article/3333292/chinas-xiaomi-posts-first-profit-ev-and-ai-businesses-quarterly-earnings-surge]. ### Breakdown of Xiaomi's Recent Financial Performance 1. **Profitability Milestone**: Xiaomi's EV division reported a profit of 700 million yuan in the September quarter, marking its first-ever quarterly profit [https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/xiaomis-ev-arm-makes-profit-first-time]. 2. **Overall Revenue Growth**: The company reported a 22.3% year-over-year increase in revenue, reaching 113.1 billion yuan ($15.91 billion) in the third quarter [https://thebambooworks.com/brief-xiaomi-profit-soars-130-in-third-quarter-as-ev-revenue-hits-record]. 3. **Significant Contribution from EV Sales**: The EV segment contributed 97.6% of Xiaomi's innovative business revenue, indicating a strong shift in focus towards electric vehicles and artificial intelligence [https://cnevpost.com/2025/11/18/xiaomi-innovative-businesses-including-ev-ai-1st-quarterly-profit]. 4. **Market Positioning**: Xiaomi's entry into the profitable EV market places it among a select group of Chinese manufacturers that have successfully turned a profit in this competitive landscape [https://finance.yahoo.com/news/xiaomi-ev-arm-posts-first-093550929.html]. ### Key Financial Metrics and Data - **Quarterly Profit**: 700 million yuan from the EV division [https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/xiaomis-ev-arm-makes-profit-first-time]. - **Total Revenue**: 113.1 billion yuan ($15.91 billion), a 22.3% increase year-over-year [https://thebambooworks.com/brief-xiaomi-profit-soars-130-in-third-quarter-as-ev-revenue-hits-record]. - **EV Sales Volume**: Nearly 109,000 electric vehicles sold in the last quarter [https://www.scmp.com/tech/big-tech/article/3333292/chinas-xiaomi-posts-first-profit-ev-and-ai-businesses-quarterly-earnings-surge]. - **Overall Profit Surge**: 81% increase in overall profit attributed to strong EV sales [https://bluewaterhealthyliving.com/news/business-and-economy/xiaomi-reports-81-jump-in-third-quarter-profit-on-strong-ev-sales]. ### Conclusion: Xiaomi's Strategic Shift Towards EVs Proves Successful In summary, **Xiaomi's transition into the electric vehicle market has yielded significant financial success**, with the company achieving its first profitable quarter in this sector. The following points encapsulate the key findings: 1. **First Profit Achievement**: The EV division's profitability marks a pivotal moment for Xiaomi as it diversifies its business model [https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/xiaomis-ev-arm-makes-profit-first-time]. 2. **Robust Revenue Growth**: A substantial increase in overall revenue reflects the effectiveness of Xiaomi's strategic pivot [https://thebambooworks.com/brief-xiaomi-profit-soars-130-in-third-quarter-as-ev-revenue-hits-record]. 3. **Competitive Positioning**: Xiaomi's successful entry into the EV market positions it favorably against competitors like Tesla and XPeng [https://investorshangout.com/xiaomi-corp-achieves-notable-profit-milestone-in-ev-market-463973-]. This comprehensive overview illustrates Xiaomi's successful navigation of the electric vehicle landscape, setting a strong foundation for future growth and innovation in this rapidly evolving market.