Xiaomi's chief executive, Lei Jun, announced that the company's electric vehicle division is projected to achieve break-even status by the third or fourth quarter of this year. This optimistic forecast follows a report from The Paper, which highlighted the ongoing growth in sales and a reduction in losses for the electric vehicle segment. Lei's comments reflect the company's strategic focus on expanding its presence in the competitive EV market, aiming to capitalize on increasing consumer demand and improve profitability.
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