According to Chinese reports, the brand could launch its second model in just two months
The Chinese technology giant delivered 27,307 vehicles in the second quarter of the year. In Q2, Rivian lost over $32,000 per car sold, while Ford's electric division lost $47,600 for each EV built. Analysts think Xiaomi could reach a breakeven point when it's selling between 300,000 and 400,000 cars annually.
Read: Xiaomi’s Electric SUV Could Be Unveiled This October While Xiaomi’s car division is far from a money-making business, such losses aren’t unusual. In early August, it was revealed that Rivian lost $1.46 billion in the second quarter, produced just 9,162 vehicles over the same period, and lost $32,705 per vehicle delivered in Q2. Ford is doing even worse. In the second quarter, the Ford Model e electric car division lost $1.
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