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The Chinese technology giant delivered 27,307 vehicles in the second quarter of the year.<\/li>\n
In Q2, Rivian lost over $32,000 per car sold, while Ford’s electric division lost $47,600 for each EV built.<\/li>\n
Analysts think Xiaomi could reach a breakeven point when it’s selling between 300,000 and 400,000 cars annually.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n
Developing, building, and selling electric vehicles is an expensive business, and Chinese tech giant Xiaomi has found this out the hard way, losing millions with the launch of its SU7 sports sedan<\/a>. However, on a per-vehicle basis, it’s doing a lot better than some more established brands.<\/p>\n
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