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]