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On August 20, Xiaomi Group President Lu Weibing released a video stating that the automotive business is expected to start turning a profit in the second half of the year. Xiaomi's automotive business will not participate in any price wars and will not be involved in internal conflicts. The health of Xiaomi's automotive business is already at a first-class level in the industry. Xiaomi's goal to go global in 2027 remains unchanged, and the company is already conducting preliminary research and preparation for entering the automotive market overseas. (Source: Jiemian News)
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