Profit in sight: Xiaomi Auto's Q2 per-vehicle loss drops to 500 USD.
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Category: Xiaomi
The gross margin for Xiaomi's innovative businesses, including EV and AI, was 26.4 percent in the second quarter, higher than 23.2 percent in the first quarter.
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Onvo's insurance registrations for last week were 3,790, the second-highest on record, up 16.98 percent from the previous week's 3,240.
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The new Xpeng P7 completed 3,961 km of continuous driving in 24 hours, surpassing Xiaomi YU7's 3,944 km achieved at the end of June.
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Xiaomi says early payment rule targets limited customers showing signs of delivery delay or unwillingness to complete purchase.
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Nio Inc's insurance registrations last week totaled 6,100 units, including 3,200 units from Onvo.
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Xiaomi YU7 secures 200,000 orders in 3 minutes yet ships 6,024 units in a month.
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Nio Inc, including the Nio, Onvo, and Firefly brands, had 7,930 insurance registrations in China last week, up 58.60 percent from 5,000 the previous week.
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Xiaomi car customers claim being forced to pay balance before delivery.
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Xiaomi delivered over 30,000 EVs in July as retail network and factory construction expanded
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