Electric Vehicles

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Electric Vehicles are a key part of our tomorrow and how we get there. If we can get all the fossil fuel vehicles off our roads, out of our seas and out of our skies, we'll have a much better environment. This community is where we discuss the various different vehicles and news stories regarding electric transportation.

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Sunshine

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

submitted 1 week ago by Sunshine to c/[email protected]

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[–] [email protected] 2 points 1 week ago (1 children)

[...] 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 week ago

I would call it "this headline is horseshit."

The people defending that bullshit are still completely wrong.