Xiaomi First-Quarter Sales Beat Estimates on EV, Phone Growth
Xiaomi Corp. reported better-than-expected revenue in the March quarter as it moves to aggressively expand its presence in China’s EV market and grow its core smartphone business.Revenue reached 111.3 billion yuan ($15.5 billion), beating the average analyst estimates of 109 billion yuan. The company recorded 75,869 deliveries of its SU7 electric vehicle during the period....
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