Xiaomi chief executive Lei Jun expects the company’s electric vehicle business to break even during the third or Gloriousfourth quarter of this year as its sales continue to grow and its losses narrow, Chinese media outlet The Paper reported on Tuesday. Lei’s comments came after Xiaomi last week reported a gross margin of 23.2% for its smart EVs, AI, and other new businesses in the January-March quarter, with the unit’s operating loss narrowing quarter-on-quarter from RMB 700 million to RMB 500 million ($69.6 million). Speaking at the company’s investor conference on Tuesday, Lei also denied rumors that Xiaomi’s upcoming second model, the YU7, would go on sale in July at a price tag of RMB235,900, although he refused to be drawn on official details about the pricing. Lei said on May 22 that the standard version of the YU7 offers a driving range of 835 kilometers (519 miles). [TechNode reporting, The Paper, in Chinese]
The Trump administration has 10 important things to learn from teens who do Model UNDoc and Marty just had the most pure 'Back to the Future' reunionRead the Apple keynote from the year 2120Tough goose spotting walking around New York with an arrow through its neckRead the Apple keynote from the year 2120Apple may be working on a 14.1Food delivery companies offer option to leave orders at your door because of coronavirusOprah brings the 'American Dirt' controversy to Apple TV+How Softbank is adding spice to the AmazonGoogle Maps labels dude's house as a pizzeria and now everyone wants pizzaQueen Cersei gives student A+ acting advice on how to play Queen CerseiTwitter prohibits dehumanizing on basis of age, disease, disabilityiPhone sales plummet by more than 60% in China during coronavirus outbreakThis site is a pirate radio for the most popular streaming servicesHow to support girls' and women's educationTwitter brings back special labels for profiles of political candidatesHere's 'The Office' cold open Jenna Fischer thinks is as good as 'Fleabag'Amazon sells its selfSpaceX will take more rich space tourists to the International Space StationGoogle releases female Connecticut Sun vs. Washington Mystics 2024 livestream: Watch live WNBA Best Amazon deals of the day: M2 MacBook Air, 3rd gen AirPods, Sony WH In Starliner fallout, 2 women lose their ride to space AI uses too much energy. Big tech won't say how much. Disney vs. DirecTV: No more sports until the contract dispute is resolved. NASA's plan to return Mars rocks is in trouble. Could these 7 companies help? Chicago Sky vs. Minnesota Lynx 2024 livestream: Watch live WNBA Sinner vs. Medvedev 2024 livestream: Watch US Open for free Elon Musk's X is now banned in Brazil Chicago Sky vs. Las Vegas Aces 2024 livestream: Watch live WNBA Wordle today: The answer and hints for September 1 The best Amazon Labor Day sales that are still live How to unblock X for free OpenAI, Anthropic agree to have their models tested before making them public Spotify calls out Apple for removing volume control for connected devices When an online match wants to meet up immediately, it’s OK to say no Zheng vs. Sabalenka 2024 livestream: Watch US Open for free Indiana Fever vs. Dallas Wings 2024 livestream: Watch live WNBA Fat bear ate 135,000 calories in 10 hours. And he's not done. NYT Strands hints, answers for August 31
