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China

Xiaomi’s smart EV and AI business posts 12% revenue growth, CNY 5.7 billion operating loss in H1

On August 18, Xiaomi Corporation (Xiaomi) released its Q2 and interim results for 2026.
In H1 2026, Xiaomi recorded revenue of CNY 208.1 billion, down 8.4% year-over-year (y/y), and adjusted net profit of CNY 12.3 billion, down 42.8% y/y. Revenue from its smart electric vehicle (EV), AI and other new initiatives reac....

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