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Xiaomi's Lu Weibing: Anticipates Drop in Electric Vehicle Business Gross Profit Margin by 2026
1 week ago /
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Author：小编
On November 18, Lu Weibing, who serves as both a partner and the president of Xiaomi Group, shared his insights during an earnings call. He pointed out that the automotive industry is currently in its infancy, with a multitude of players vying for a share of the market. Given this competitive landscape, it's expected that the market will experience fierce competition before any consolidation takes place. As a result, he projected that by next year, the gross profit margin of Xiaomi's automotive business might see a decline when compared to the current year's figures, reflecting the intense market dynamics at play.
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