Xiaomi outdoes expectations as electric vehicles sales take off
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Xiaomi Corp has reported better-than-expected third-quarter results, driven by strong sales of its electric vehicles. The company delivered 39,790 Xiaomi SU7 Series vehicles in the quarter, with a year-to-date total of 67,157, and aims for 130,000 sales in 2024.
November 18, 2024 | 1:00 pm
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Xiaomi Corp's third-quarter results exceeded expectations due to strong electric vehicle sales. The company delivered 39,790 SU7 Series vehicles, with a year-to-date total of 67,157, and aims for 130,000 sales in 2024.
Xiaomi's better-than-expected Q3 results are largely attributed to its successful entry into the electric vehicle market, with significant sales figures. This positive performance is likely to boost investor confidence and positively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 90