小米汽车毛利率超特斯拉，卖车一年半赚钱能力已处于头部位置

Core Viewpoint - Xiaomi Group reported a revenue of 39.84 billion yuan from its smart electric vehicle and AI innovation business in the first half of the year, with an operating loss of approximately 800 million yuan. The second quarter saw a significant improvement with a gross margin of 26.4% and a reduced operating loss of 300 million yuan [1]. Group 1: Financial Performance - In the second quarter, Xiaomi's automotive gross margin surpassed that of Tesla, ranking first among the disclosed gross margins of 13 major automotive companies [1]. - Xiaomi's automotive gross margin in the first quarter was second only to Seres, which had a margin of 27.6% [1]. - Among the five companies with gross margins exceeding 20%, Xiaomi and Zeekr have yet to achieve profitability, while Seres is expected to turn profitable in 2024 [1]. Group 2: Industry Comparison - Several domestic automotive companies have reported gross margins exceeding that of Tesla, indicating an overall improvement in profitability despite many new car manufacturers still operating at a loss [2]. - Leap Motor has emerged as the sales champion among new car manufacturers, focusing on the economy segment with lower-priced products [2].