China Auto Daily丨Xiaomi Innovation Division Hits Profitability Amid Massive Revenue Growth Surge

Xiaomi Innovation and EV Division Achieves Historic Profitability

On March 24, 2026, Xiaomi Group released its comprehensive financial report for the full year of 2025, revealing a robust upward trajectory in its automotive and technology sectors. The group reported a total annual revenue of RMB 457.29 billion (USD 66,273.9 million), +25% YoY. This growth was mirrored in the adjusted net profit, which reached RMB 39.17 billion (USD 5,676.8 million), +44% YoY. Most notably, Xiaomi’s strategic bet on intelligent electric vehicles and AI innovation has reached a financial turning point. According to Xiaomi Group official filings, these innovative business segments achieved their first-ever annual operating profit, totaling RMB 900 million (USD 130.4 million). The fourth quarter of 2025 was particularly strong, contributing RMB 1.1 billion (USD 159.4 million) to the operating income, effectively wiping out previous losses and signaling that the SU7 and subsequent models have successfully transitioned from the heavy investment phase to a sustainable profit-generating engine.

Li Auto Authorizes Massive One Billion Dollar Share Buyback

Li Auto has officially announced that its Board of Directors approved a substantial share repurchase program on March 24, 2026. Under this new mandate, the company is authorized to acquire up to USD 1 billion of its Class A ordinary shares and/or American Depositary Shares (ADS) through March 31. The program is designed to be flexible, allowing the company to execute purchases through open market transactions, block trades, or other legally permitted methods depending on prevailing market conditions and regulatory frameworks.

New Citroen Versailles C5X Debuts with Fixed Pricing Strategy

Dongfeng Citroen has officially launched the latest iteration of the Versailles C5X, introducing a streamlined "fixed price" model to attract value-conscious consumers in a competitive market. The new lineup consists of three distinct variants, with the fixed price range set between RMB 113,700 (USD 16,500) and RMB 153,700 (USD 22,300). Under the hood, the vehicle is powered by a 1.6T turbocharged four-cylinder engine featuring advanced technologies such as twin-scroll turbocharging, homogeneous combustion, and CVVL continuous variable valve lift. This powertrain delivers a maximum output of 129kW and a peak torque of 250 Nm, managed by a sophisticated Aisin 8-speed automatic transmission. According to Dongfeng Citroen technical specifications, the entire series comes standard with the brand's proprietary PHC (Progressive Hydraulic Cushions) adaptive hydraulic stability technology. This system is engineered to provide a "magic carpet ride" experience by adjusting damping based on road conditions, ensuring superior comfort and stability across its Eco, Standard, and Sport driving modes.

*(Exchange rate: RMB 6.9 = USD 1)*