In Q2, Rivian lost over $32,000 per car sold, while Ford’s electric division lost $47,600 for each EV built. Analysts think Xiaomi could reach a breakeven point when it’s selling between ...

Tech firm and new EV maker Xiaomi revealed just how much cash it's burning to make its cars. The tech firm's EV branch lost about $252 million from April to June, or $9,200 per car. Xiaomi has ...

Thanks to the added oomph and body kit, the brand claims the EV will be able to rocket from zero to 62 mph in just 2.8 seconds and hit a top speed of 217 mph. If Xiaomi is able to deliver on what ...

Xiaomi’s shares rose as much as 8.5% Thursday after it reported its fastest pace of quarterly revenue growth since 2021 - taking its gain since the advent of its EV business in March to about 25%.

The new EV kid on the block, Xiaomi, has confirmed its flagship SU7 Ultra Prototype sports sedan will go into production. But if you want to get your hands on what could be the world’s fastest ...

Xiaomi targets 120,000 EV sales in 2024 and has aspirations to become a top 5 global auto manufacturer on a 15 to 20 year timeframe. With US rules preventing Huawei sourcing semiconductors with US ...

China’s electric-vehicle market is offering a tentative challenge to the shift toward batteries with no nickel or cobalt.

Xiaomi released its financial report on August 21, which announced a revenue of CNY$88.9 billion (US$12 billion) with an annual increase of 32%. This quarterly statement has been Xiaomi's best ...

Morgan Stanley's commentary indicated confidence in Xiaomi's potential as a disruptive force in the electric vehicle (EV) industry. The firm anticipates more positive developments for Xiaomi in the ...

Beijing: Xiaomi Corp is willing to grow its nascent electric vehicle (EV) arm at the expense of profits for now, as it angles to join Tesla Inc and BYD Co among the world’s biggest automakers ...