Try GOLD - Free
Xiaomi's EV division profitable after 19 months
Los Angeles Times
|November 20, 2025
Consumer electronics giant beats timeline of Tesla with approach of ruthless efficiency.
NA BIAN Bloomberg XIAOMI launched its second model in June - the YU7 SUV, shown in Beijing-which garnered more than 289,000 orders within hours.
Xiaomi Corp. parlayed its popularity with an existing customer base to rake in orders for its push into electric cars, reaching profitability in less than half the time it took Tesla Inc.
The consumer electronics giant on Tuesday reported a 700-million-yuan ($98-million) profit for its EV and artificial intelligence division in the quarter ended Sept. 30 — roughly 19 months after launching its SU7 electric sedan.
Comparable EV makers were slower to reach the milestone. Tesla first achieved quarterly profitability in 2013, just over five years after it started delivering the original Roadster in 2008. Li Auto Inc., another Chinese automaker, took about two years to break even on a quarterly basis, though it mainly sells extended-range EVs.
Xpeng Inc. and Nio Inc. are still racking up losses, but have targeted to break even in 2025, about eight years after their first cars were unveiled.
This story is from the November 20, 2025 edition of Los Angeles Times.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Los Angeles Times
Los Angeles Times
UCLA and SoFi discussed Rose Bowl exit in '24
Email is part of new documents filed in the breach-of-contract case against school.
3 mins
January 11, 2026
Los Angeles Times
U.S. launches new retaliatory strikes against Islamic State
The U.S. has launched another round of retaliatory strikes against Islamic State militants in Syria after last month's ambush that killed two U.S. soldiers and one American civilian interpreter in the country.
1 min
January 11, 2026
Los Angeles Times
The most affordable spots from the 101 restaurants guide
THE GREAT TRUTH OF Los Angeles dining has, and I trust always will be, that $500 omakases and caviar-spack-led tasting menus exist alongside tacos stands, noodle parlors, shawarma shops and sandwich specialists the places, often mirroring the culture of their communities, that give the city its truest from-the-ground-up identity.
6 mins
January 11, 2026
Los Angeles Times
Anti-ICE protesters speak out across the U.S.
Thousands of people marched in Minneapolis on Saturday to protest the fatal shooting of a woman by a federal immigration officer there and the shooting of two protesters in Portland, Ore., as Minnesota leaders urged demonstrators to remain peaceful.
3 mins
January 11, 2026
Los Angeles Times
A big night for Clippers’ stars
James Harden scored 31 points, Kawhi Leonard had 26 and the Clippers beat the Brooklyn Nets 121-105 on Friday night.
1 mins
January 11, 2026
Los Angeles Times
Fire-scarred businesses still struggling
Some owners are rebuilding in Los Angeles area; others have given up
4 mins
January 11, 2026
Los Angeles Times
Rams' Stafford earns his first All-Pro honor
Rams quarterback Matthew Stafford and receiver Puka Nacua were named first-team All-Pro on Saturday.
2 mins
January 11, 2026
Los Angeles Times
THE ESCAPE GOAT
MVP candidate Stafford burnishes his comeback legacy with another game-winning touchdown pass as L.A. rallies past the Panthers. D4
3 mins
January 11, 2026
Los Angeles Times
Federal judge blocks freeze of billions in child-care funds
A federal judge in New York has temporarily blocked the Trump administration’s move to freeze $10 billion in childcare funds in five Democrat-led states including California.
2 mins
January 11, 2026
Los Angeles Times
Taking refuge in John Irving's words
AFTER FIRE DESTROYED MY FAMILY'S HOME, THE NOVELIST'S BOOKS PROVIDED A SOURCE OF STRENGTH AND GLIMMERS OF A NEW BEGINNING.
9 mins
January 11, 2026
Listen
Translate
Change font size