XXiaomi built a reputation for manufacturing cheap tech gadgets…yes, some of their phones are nowadays priced at apple and huawei levels but I think they are looked upon as manufacturer of cheaper goods and hence their pricing strategy?? besides ofcourse the cut throat pricing in china…they will need to build solid reputation for 2-3 years before raising their prices i guess…those orders could disappear if problems occur with their cars…

I was going to say $5000 more per model for a nice healthy margin but totally agree.

Xiaomi should sell their products at a true HONEST price including margin. It wouldn't have changed sales a bit and demonstrate what the fair playing field looks like.

Mind-boggling

Whilst Xiaomi might be a relatively new brand in the automotive sector, it is, compared to Xpeng, a well-established name. Over a decade ago, Xiaomi achieved immense success by launching its range of affordable yet high-quality smartphones. By contrast, before it ventured into car manufacturing, the Xpeng brand was largely unknown.

From an accounting standards perspective, Xiaomi is unable to recognise deposits as profit.