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Lu Weibing: The Automobile Business Remains in a Phase of Substantial Investment, with No Immediate Internal Profit Mandate
2025-03-19 /
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Author：小编
During a financial report conference call, Lei Jun, President of Xiaomi Group, revealed that the gross margin of Xiaomi's automobile business is anticipated to remain no lower than it was in the first quarter of 2025. Currently, Xiaomi's automobile endeavors are in a phase characterized by substantial investment, encompassing strategic deployments in core technologies, multi-model development, factory construction, and advancements in intelligent driving technology, in addition to undisclosed investments. Internally, the company has not set a definitive timeline for achieving profitability in its automobile business, yet it remains steadfastly committed to enhancing its overall profitability over time.
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