Lead Story
Aug 21, 2026
Xiaomi EV division reports $38M Q2 loss but deliveries surge to 104,199
Xiaomi's EV and AI division posted an operating loss of 2.6 billion yuan in Q2 2026, though the deficit narrowed from the previous quarter. Vehicle deliveries rose 28% year-on-year to 104,199 BEVs, but margins fell to 19.2% due to mix and cost pressures.
Priya Sharma