Chinese tech and home appliance giant Xiaomi announced on Thursday a major jump in sales for the first quarter, on the back of a smartphone boom.
Xiaomi, the world鈥檚 third-biggest smartphone maker, said its sales in the first quarter reached $10.4 billion (75.5 billion yuan), up 27 per cent from a year ago.
The company launched its first electric vehicle in March, entering a cut-throat domestic market with the SU7 sedan that comes equipped with karaoke equipment and a mini-fridge.
鈥楢s of April 30, 2024, the cumulative locked-in orders for the Xiaomi SU7 Series reached 88,063 vehicles,鈥� the company said in its earnings report on Thursday, adding that it had delivered 10,000 cars by mid-May.
