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According to Fast Technology on August 22, Xiaomi recently officially released its second quarter 2024 financial report, which also included the first quarter report card for its automotive business.

Xiaomi's innovative businesses such as smart electric vehicles generated revenue of 6.4 billion yuan, of which smart electric vehicles generated revenue of 6.2 billion yuan, with cumulative deliveries in a single quarterSU7There are 27,307 new cars in the series.

The data also showed that innovative businesses such as smart electric vehicles had an adjusted net loss of 1.8 billion yuan.From this perspective, for every Xiaomi SU7 sold in the second quarter, Xiaomi would suffer an average loss of approximately RMB 66,000.

This matter has sparked heated discussions, and Lei Jun also mentioned this topic in today's live broadcast.Saying that each car loses 60,000 is both right and wrong.

He stressed: "We have just started. Once we reach a certain scale, I believe it will be easy to break even. No one needs to worry about us.Making cars is indeed difficult. Some people think we lost too much, but I personally think it’s OK. It’s actually a very good financial report.”

Wang Hua also gave a detailed explanation of the losses in the automotive business:

First, currentlyXiaomi MotorsThe scale of the industry is relatively small, but automobile is a typical industry with economies of scale. We are confident that we can expand the scale of the automobile industry in the future.

Second, Xiaomi’s first car is a pure electric sedan, and its investment cost is relatively high. It will take some time to digest this part of the cost. "I believe that the losses will be further narrowed in the future." Time is Xiaomi's friend.