XIAOMI(HK:01810) Xin Lang Ke Ji·2025-11-20 04:06Core Insights - Xiaomi's automotive division has officially produced its 500,000th vehicle, marking a significant milestone and a new starting point for future efforts [1] - The company aims to achieve an annual delivery target of 350,000 vehicles by the end of this week, as disclosed by the Group President during an earnings call [1] - Xiaomi's Q3 2025 revenue reached 113.1 billion RMB, showing a year-on-year growth of 22.3%, with adjusted net profit increasing by 80.9% to 11.3 billion RMB [1] Delivery Performance - In Q1 2025, Xiaomi delivered 75,869 vehicles, followed by 81,302 in Q2, and 108,796 in Q3, totaling 265,967 vehicles delivered to date [2] - The company achieved over 100,000 vehicle deliveries in a single quarter for the first time in Q3 2025 [2] Sales Network Expansion - Xiaomi has established a sales service network with 402 automotive sales stores across 119 cities in mainland China as of September 30, 2025 [3]