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Xiaomi Group partner and group president Lu Weibing expressed confidence in achieving the annual delivery target of 350,000 Xiaomi cars during the performance conference call that evening. In the second quarter of this year, Xiaomi's revenue from innovative businesses such as smart electric vehicles and AI increased significantly by 234% to 21.3 billion yuan, and operating losses sharply narrowed to 300 million yuan, with the possibility of achieving a single quarter profit in the second half of the year. However, from the first half of 2022 to 2025, Xiaomi's investment in innovative businesses such as cars will exceed 30 billion yuan, so the cumulative view suggests that new businesses still have significant losses.