Xiaomi’s third quarterly report: Auto business revenue is nearly 10 billion yuan, and will hit a new target of 130,000 units

On November 18, Xiaomi Group released its third quarter 2024 results report.

Data shows that in the third quarter, Xiaomi Group achieved a total revenue of 92.

5 billion yuan, a year-on-year increase of 30.5%. adjusted net profit was 6.

3 billion yuan.

Among them, innovative businesses such as smart electric vehicles achieved a total revenue of 9.

7 billion yuan in the third quarter, a gross profit margin of 17.

1%, and an adjusted net loss of 1.

5 billion yuan.

This means that as far as the group is concerned as a whole, Xiaomi’s automobile business currently belongs to the “dragging back” sector.

In the third quarter, Xiaomi SU7 series delivered a total of 39,790 new vehicles.

as of September 30, 2024, the cumulative delivery volume of Xiaomi SU7 series reached 67,157 units.

Entering the fourth quarter, Xiaomi’s SU7 series deliveries continued to climb.

As of October, the monthly new car delivery volume had successfully exceeded 20,000 units.

Photo source: Xiaomi Automobile, thanks to the continuous increase in production capacity, Xiaomi SU7 officially ushered in the 100,000 new car rolling off the production line on November 13.

Xiaomi reached this milestone in only 230 days.

Xiaomi Automobile pointed out that throughout 2024, the brand will make every effort to achieve the new goal of delivering 130,000 new Xiaomi SU7 series cars.

To this end, Xiaomi Automobile is continuing to improve the layout of its sales and service network.

According to statistics, as of September 30, 2024, Xiaomi Automobile has opened 127 car sales stores in 38 cities in the mainland of China.

In addition, Xiaomi Automobile is actively promoting full-stack self-research and continues to improve the user’s intelligent experience.

Starting from October 30, 2024, Xiaomi SU7 Pro and Xiaomi SU7 have officially launched full-scale urban NOA.

On this basis, Xiaomi Automobile is also deploying end-to-end full-scene intelligent driving, and is expected to launch the Pioneer version at the end of December 2024.

, It is worth noting that in October 2024, Xiaomi Automobile also officially unveiled the Xiaomi SU7 Ultra production car and opened bookings simultaneously.

The pre-sale price of the car was 814,900 yuan.

Ten minutes after the pre-sale was launched, small orders exceeded 3,680 units.

According to the plan, Xiaomi SU7 Ultra is scheduled to be officially released in March 2025.

, Return to the first electric network home page>,.

Link to this article: https://evcnd.com/xiaomis-third-quarterly-report-auto-business-revenue-is-nearly-10-billion-yuan-and-will-hit-a-new-target-of-130000-units/

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