The question is how much is Xiaomi losing on each EV sold? NIO and Xpeng already make great EVs but they are losing big $$$. Xiaomi reduced prices 20% to get those pre-orders. What will be their losses on the EV segment? Sales are meaningless if you lose massively on each unit sold. See Rivian and Lucid, or any of the major Chinese EV makers for example. People bidding up Xiaomi based on preorders alone are dumb.
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