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Xiaomi's auto performance exceeded expectations across the board: revenue approaching 10 billion, annual delivery target refreshed to 0.13 million.
"Xiaomi delivers its strongest performance ever." Following the release of Xiaomi's third quarter 2024 business results, Xiaomi's founder, director, and CEO Lei Jun could hardly contain his excitement, saying so on Weibo. Looking at the various data, Xiaomi's revenue has been surging for three consecutive quarters, with adjusted net income maintaining historical highs, and all of its businesses thriving. Behind this success is the comprehensive effort of Xiaomi's "all aspects of life eco-system". This quarter, Xiaomi's autos are becoming a significant driver of growth for Xiaomi Group. Monthly deliveries have exceeded 0.02 million vehicles, revenue is approaching tens of billions, and the gross margin has also surpassed the performance of many new energy vehicle companies.
Solid Earnings May Not Tell The Whole Story For Shanxi Guoxin Energy (SHSE:600617)
Auto stocks generally rose, with Xpeng (09868) up over 4%. The China Association of Automobile Manufacturers expects a nearly 60% year-on-year increase in wholesale sales of new energy passenger vehicles nationwide in October.
Jingwu financial news | Automotive stocks rose across the board, with Xpeng (09868) up 4.09%, Geely Auto (00175) up 3.45%, Leapmotor (09863) up 3.41%, Nio Inc (09866) up 3.2%, Guangzhou Automobile Group (02238) up 2.08%. The China passenger vehicle market information joint meeting will estimate that the national new energy passenger vehicle manufacturers' wholesale sales volume in October is 1.4 million vehicles, a 58% year-on-year increase and a 14% month-on-month increase based on preliminary monthly data. Sinolink Securities report pointed out that from the perspective of industry prosperity, the electrification and overseas industrial cycle have not ended yet, independent brands.
Passenger Vehicle Subcommittee: It is expected that the national new energy passenger vehicle manufacturers' wholesale sales volume in October will be 1.4 million units, a year-on-year increase of 58%.
The China Passenger Vehicle Association stated in a document that, based on preliminary monthly data estimates, the wholesale sales volume of new energy passenger vehicles nationwide in October was 1.4 million vehicles, a year-on-year increase of 58%, and a month-on-month increase of 14%.
Report for the third quarter of 2024 of Shanxi Guoxin Energy Co., Ltd.
shanxi guoxin energy corporation (600617.SH) released its performance for the first three quarters, with a net loss of 9.98 million yuan.
shanxi guoxin energy corporation (600617.SH) disclosed the third quarter report for 2024, achieving revenue of 11...
More Unpleasant Surprises Could Be In Store For Shanxi Guoxin Energy Corporation Limited's (SHSE:600617) Shares After Tumbling 26%No Data
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