Core Insights - Xiaomi's Q2 financial report shows record high revenue and net profit driven by explosive growth in the smart electric vehicle (EV) business [1] - The company plans to officially enter the European electric vehicle market by 2027 [1] - Xiaomi's EV deliveries reached 81,300 units in Q2, a 197.7% increase from 27,300 units in the same period last year, significantly boosting EV revenue by 233.9% to 21.3 billion yuan, exceeding market expectations [1] - Xiaomi Group's overall revenue is expected to grow by over 30% in 2025, with strong confidence in achieving this target [1] - The company aims to join the "200 million club" in smartphone shipments, targeting an annual shipment of 200 million units within the next three to five years [1] - Xiaomi is committed to avoiding price wars and internal competition in the home appliance sector, focusing on long-term strategic positioning rather than short-term rankings [1]

Core Viewpoint - Xiaomi's founder and CEO Lei Jun emphasized the company's strategy of avoiding price wars and focusing on innovation, particularly in the automotive chip sector, with the upcoming launch of the Xiaomi YU7 vehicle [1][3] Group 1: Xiaomi YU7 Launch - The Xiaomi YU7 is expected to officially launch in July, with pricing to be announced shortly before the release [1][3] - The YU7 will be showcased in 43 Xiaomi automotive stores across Shanghai, Hangzhou, and Chengdu, with plans to expand to 92 cities nationwide [1] - The vehicle's dimensions are 4999 x 1996 x 1608 mm, with a wheelbase of 3000 mm, categorizing it as a mid-to-large SUV [3] Group 2: Vehicle Specifications - The YU7 standard version features a single motor rear-wheel drive, achieving 0-100 km/h in 5.88 seconds, with a peak power of 235 kW and a torque of 528 N·m [3] - The YU7 is equipped with a 96.3 kWh lithium iron phosphate battery, offering a CLTC range of up to 835 km [3] - The YU7 Pro variant has dual motors with a 0-100 km/h time of 4.27 seconds and a range of 770 km, while the YU7 Max variant achieves 0-100 km/h in 3.23 seconds with a range of 760 km [3]