On May 26, Xiaomi Group unveiled its financial report for the first quarter of 2026, revealing a total revenue of RMB 99.1 billion, a testament to its sustained and robust business scale. During the earnings conference call held that same evening, Lu Weibing, the President of Xiaomi Group, addressed prevailing market rumors. He clarified that the vehicles currently being tested on public roads are not the much-anticipated YU9 model. Lu Weibing further assured that this new model is slated for launch within the current year, boasting a range of innovative features and demonstrating strong market competitiveness.
