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Follow | Xiaomi's car manufacturing progress far exceeded expectations? Lei Jun released Q2 financial report: 1.4 billion yuan was invested in the automobile business

author:Understand the sight of the car emperor

Text: Understand the original of the car emperor Cailimei

[Understand the original industry of Chedi] On August 29, Xiaomi Group released its latest financial report data, in the second quarter of 2023, Xiaomi Group's revenue was 67.4 billion yuan, down 4% year-on-year; The adjusted net profit was 5.1 billion yuan, a year-on-year increase of 147%, and Xiaomi's total profit level in the first half of the year was close to that of last year; Overall gross margin reached a record high of 21.0%.

Follow | Xiaomi's car manufacturing progress far exceeded expectations? Lei Jun released Q2 financial report: 1.4 billion yuan was invested in the automobile business

In the second quarter of 2023, Xiaomi Group reported its results

It is worth noting that Lei Jun, founder, chairman and CEO of Xiaomi Group, posted Xiaomi's Q2 financial report and issued an article emphasizing that Xiaomi Group's R&D expenditure in the second quarter was 4.6 billion yuan, an increase of 21%, of which 1.4 billion yuan was invested in innovative businesses such as smart electric vehicles.

Combined with the financial report data, as of June 30, the number of R&D personnel of Xiaomi Group reached 16,834, accounting for 52% of the total employees.

Follow | Xiaomi's car manufacturing progress far exceeded expectations? Lei Jun released Q2 financial report: 1.4 billion yuan was invested in the automobile business

Source: Screenshot of Lei Jun's post

It is understood that in the conference call after the release of Xiaomi's earnings report, Xiaomi President Lu Weibing said in an interview that Xiaomi's car manufacturing is progressing very smoothly, and even some recent progress far exceeds expectations.

Lu Weibing said that the actual investment of Xiaomi cars is even greater, Xiaomi is holding the goal of entering the top five in the world in the future to do the long-term layout of the car, do full-stack self-research, and also build its own automobile factory, so the cash flow investment is higher than the disclosed figure.

Follow | Xiaomi's car manufacturing progress far exceeded expectations? Lei Jun released Q2 financial report: 1.4 billion yuan was invested in the automobile business

Lei Jun, founder, chairman and CEO of Xiaomi Group, and Lu Weibing, partner and president of Xiaomi Group, participated in the Xiaomi automobile road test in Xinjiang

It is worth mentioning that a series of photos about car building recently released by Lu Weibing and Xiaomi founder Lei Jun on social platforms once caused heated discussions. In this regard, Lu Weibing said that Xiaomi Auto has just finished the summer test, and the progress has exceeded expectations, maintaining the mass production target in the first half of 2024.

Follow | Xiaomi's car manufacturing progress far exceeded expectations? Lei Jun released Q2 financial report: 1.4 billion yuan was invested in the automobile business

Xiaomi Automobile is expected to be mass-produced in the first half of 2024

According to recent domestic media reports, a supplier who provides recruitment services for Xiaomi's automobile factory revealed, "Since August this year, Xiaomi began to open the recruitment of general workers in the automobile factory, and the current shortage is more than 100 people, and the recruitment process is very fast." ”

It is understood that the positions opened by Xiaomi Automobile Factory include painting operators, battery workshop operators, welding workshop equipment maintenance workers, painting workshop equipment maintenance, battery workshop maintenance workers and other positions. The recruitment is for Xiaomi Auto's plant in Yizhuang, Beijing.

This means that Xiaomi cars are about to enter the production stage, and at the same time or the side confirms the reliability of the production qualification.

Follow | Xiaomi's car manufacturing progress far exceeded expectations? Lei Jun released Q2 financial report: 1.4 billion yuan was invested in the automobile business

Suspected Xiaomi test car

Recently, I learned from Tianyan that Xiaomi Automotive Technology Co., Ltd. registered the "xiaomiev.com" website domain name. Judging from the name, this domain name is expected to be used as the official website of Xiaomi Auto.

Follow | Xiaomi's car manufacturing progress far exceeded expectations? Lei Jun released Q2 financial report: 1.4 billion yuan was invested in the automobile business

According to the ICP/IP address/domain name information filing management system of the Ministry of Industry and Information Technology, Xiaomi Automotive Technology Co., Ltd. filed the domain name of the xiaomiev.com website on August 2

According to the plan, Xiaomi will build a vehicle plant in two phases, with a production capacity of 150,000 vehicles in the first phase and 150,000 vehicles in the second phase. Among them, the first phase of the plant has started construction in April 2021 and officially passed the completion acceptance in June this year.

In the first half of 2024, Xiaomi cars are coming, are you looking forward to it?