Logo 05 Jun 2025

Leading NEV startups make collective push toward profitability

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China’s leading new energy vehicle (NEV) startups are finally becoming profitable.
On Tuesday, Xiaomi announced during its investor day that its NEV business is on track to achieve profitability by Q3 or Q4 2025.
Some context: NEV startups typically incur significant early-stage losses due to substa...



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