Xiaomi's Smart EV, AI and Other New Initiatives segment remained in the red in Q2 of 2026. Despite significantly higher vehicle deliveries, the division

The company’s handset business lost ground globally and in China, while its newer businesses grew to nearly a quarter of group revenue.

Xiaomi's Smart EV, AI and Other New Initiatives segment remained in the red in Q2 of 2026. Despite significantly higher vehicle deliveries, the division