Linda Lew / Bloomberg:

Xiaomi reports Q2 revenue up 31% YoY to ~$16.2B, above ~$16B est., and net income up 134% YoY to ~$1.6B, driven by EV sales countering slowing smartphone demand  —  Xiaomi Corp. intends to sell its first electric vehicle in Europe by 2027, declaring plans to take on Tesla Inc. and BYD Co. globally …

Linda Lew / Bloomberg:

Xiaomi reports Q2 revenue up 31% YoY to ~$16.2B, above ~$16B est., and net income up 134% YoY to ~$1.6B, driven by EV sales countering slowing smartphone demand  —  Xiaomi Corp. intends to sell its first electric vehicle in Europe by 2027, declaring plans to take on Tesla Inc. and BYD Co. globally …

Source: TechMeme
Source Link: http://www.techmeme.com/250819/p7#a250819p7