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Xiaomi exceeds Q3 estimates thanks to EV business

  • Xiaomi Corp's Q3 2024 revenue exceeded analyst expectations.
  • The strong performance is attributed to its growing electric vehicle (EV) business, specifically the popular SU7 model.
  • Xiaomi delivered 39,790 SU7 units in Q3, with a total of 67,157 delivered as of September 30, 2024.
  • The company has raised its 2024 delivery target to 130,000 vehicles.

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