Xiaomi’s Breakneck Speed Breaks The BankXiaomi, a brand more commonly known for building affordable yet feature-packed phones and gadgets, has its own car, in case you missed it. It has proved to be quite popular; it recently sold more than 15,000 units in just about half an hour for the second generation of their car. On the surface, the consumer electronics giant-turned-automaker is flying high. However, beneath the viral delivery milestones and packed showrooms, the company’s financial statements hide a massive problem.According to a report from CarNewsChina, Xiaomi Group’s Q1 2026 financial results show that their smart electric vehicle and AI innovation division generated 19.9 billion …
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Author: Leroy Marion
