Lei Jun: Xiaomi cars will achieve the annual delivery target of 350,000 units ahead of schedule this week.

On the morning of November 20th, the 500,000th Xiaomi car rolled off the production line at the Xiaomi Car Super Factory in the Beijing Economic and Technological Development Zone. At the ceremony, Xiaomi Group founder, chairman, and CEO Lei Jun revealed that it is expected to surpass the delivery target of 350,000 units ahead of schedule this week. It is worth noting that in the third quarter, Xiaomi's automotive business achieved profitability for the first time in a single quarter, with revenue from smart electric vehicles reaching 28.3 billion yuan.