[…] reported a gross profit margin of 23.2% for the quarter, with an operating loss of 500 million yuan (70 million USD). Based on these figures, Xiaomi’s electric vehicle business posted an average loss of 6,500 yuan (903 USD) per vehicle in Q1 2025
How do you define dumping versus simply being unprofitable?
How do you define dumping versus simply being unprofitable?
I would call it “this headline is horseshit.”
The people defending that bullshit are still completely wrong.