Xiaomi Auto Nears Profit as Deliveries Surge, Set to Outpace NIO and Xpeng
Xiaomi’s EV business is poised for profitability, potentially achieving a net profit of RMB 707 million in Q3 2025.
Latest in EV news, technologies, data and insights from China market
Xiaomi’s EV business is poised for profitability, potentially achieving a net profit of RMB 707 million in Q3 2025.
According to Jacky, 99% of XPeng’s new vehicles use LFP batteries, maintaining a zero-fire safety record since the brand’s inception.
The so-called semi-solid-state battery introduces partial solid electrolytes into traditional liquid electrolyte systems—a transitional solution toward all solid-state batteries.
A “long-range” Firefly variant will be introduced, featuring a larger battery with a range of 500–600 km and backward compatibility with existing configurations.
CATL will supply power batteries for JAC’s entire vehicle lineup and provide technical support in areas such as supply chain safety and technology upgrades.
In the third quarter, GAC Group achieved quarter-on-quarter growth across both self-owned and joint-venture brands.
At the time of the accident, the vehicle doors opened normally so that all occupants escaped safely, but the cause of the fire has not yet been determined.
Xiaomi Auto’s 2023 program offers up to RMB 15,000 tax subsidies for SU7, SU7 Ultra, and YU7 models to offset increased 2026 vehicle costs from new tax policies.
Zhao Changjiang once led BYD’s joint venture Denza and created the hit D9 model but was unable to replicate that success with subsequent products.
In September, Wuling’s MINI EV dominated sales, while Geely Xingyuan and MG4 emerged as notable competitors in the small EV market.