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Xiaomi's Second-Phase Auto Plant to Reach Completion by End of May, with Full Operational Capacity in Two Months
2025-03-21 /
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Author：小编
Xiaomi's second-phase automotive manufacturing facility is anticipated to achieve structural completion by the end of May, transitioning smoothly into initial production stages in July and August. When fully operational, the combined output of both phases will reach an annual capacity of 300,000 vehicles. Ambitiously, Xiaomi has raised its delivery target to 350,000 vehicles. As revealed in its 2024 financial report, Xiaomi's automotive division reported revenues of 32.8 billion yuan, accompanied by a net loss of 6.2 billion yuan and a gross margin of 18.5%. Despite the financial loss, Xiaomi remains committed to accelerating its production capabilities to effectively navigate market competition.
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