This Chinese Tesla Rival Just Recorded Its First Ever Profit From EV Sales - Tesla (NASDAQ:TSLA), Xiaomi (OTC:XIACY)

Chinese tech giant Xiaomi Corp (OTC:XIACY) (OTC:XIACY) reported its first-ever profit from its EV arm as it reported its third-quarter financial results that saw overall profits soar 80.9% to RMB11.3 billion (approximately $1.5 billion).Deliveries Surpassed 100,000 UnitsXiaomi reported a profit of RMB700 million (approximately $98.4 million) from its EV arm, according to a statement released by the company on Tuesday. Xiaomi's EV deliveries in Q3 exceeded 100,000 units, reaching 108,796 deliveries in the qu ...