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On August 21, Lei Jun disclosed the second quarter report of the automotive business, with revenue of 6.4 billion yuan from innovative businesses such as smart electric vehicles, and 27,307 new cars delivered in the second quarter. The net loss of innovative businesses such as smart electric vehicles was 1.8 billion yuan, which means that Xiaomi Auto lost more than 60,000 yuan per vehicle.

Regarding the loss of more than 60,000 yuan per Xiaomi car, Lei Jun responded on Weibo on the evening of August 21, saying: "Making cars is hard, but success must be cool. Xiaomi Motors is still in the investment stage, and I hope everyone understands."

Xiaomi's second quarter financial report released by Lei Jun shows that Xiaomi's second quarter revenue was 88.9 billion, up 32%; adjusted net profit was 6.2 billion, up 20.1%. Adhering to the principle of technology, the company invested 5.5 billion in R&D, up 20.7%. Lei Jun said that this is the best quarterly report in Xiaomi's history.

Among them, innovative businesses such as smart cars: delivery has been accelerated, and the annual delivery target of 100,000 vehicles is expected to be completed in November. In the second quarter, 27,307 vehicles were delivered, with revenue of 6.4 billion and a gross profit margin of 15.4%; the loss was 1.8 billion, and it is still in the high investment stage.

Xiaoxiang Morning News reporter Hu Xiong

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