Core Insights - In May, domestic retail sales of new energy passenger vehicles reached 1.021 million units, representing a year-on-year growth of 28.2% [1] Industry Summary - The new energy vehicle sector is experiencing significant growth, with sales surpassing 1 million units in May [1] - The year-on-year increase of 28.2% indicates a strong upward trend in consumer demand for new energy vehicles [1]

Group 1 - Xiaomi's subsidiary, Xiaomi Jingyu, has established a new company in Nanjing focused on the sales of new energy vehicles [1] - The newly formed company, Nanjing Xiaomi Jingyu Technology Co., Ltd., has a registered capital of 1 million RMB [1] - The business scope includes sales of complete new energy vehicles, automotive sales, smart vehicle-mounted equipment sales, charging pile sales, centralized fast charging stations, new energy vehicle battery swap facilities sales, battery leasing, and internet sales [1] Group 2 - The company is wholly owned by Xiaomi Group through Xiaomi Jingming Technology Co., Ltd. [1]