Xiaomi loses 900 USD for every car sold in the first quarter (carnewschina.com)

submitted 1 month ago by [email protected] to c/[email protected]

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[-] [email protected] 2 points 1 month ago

[...] reported a gross profit margin of 23.2% for the quarter, with an operating loss of 500 million yuan (70 million USD). Based on these figures, Xiaomi’s electric vehicle business posted an average loss of 6,500 yuan (903 USD) per vehicle in Q1 2025

How do you define dumping versus simply being unprofitable?

[-] [email protected] 1 points 1 month ago

I would call it "this headline is horseshit."

The people defending that bullshit are still completely wrong.

this post was submitted on 29 May 2025

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