Key facts: Xiaomi EVs 79,416; margin to 18%; repurchased 12.8M shares
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Xiaomi (1810) EV deliveries rose 5% QoQ to 79,416 units in 1Q. Company forecasts smart EV gross margin down 4.7 pts to 18%, citing up-to-15,000 yuan early-order discounts.1Xiaomirepurchased 12.8 million Type B shares for HK$395.1 million on April 2, 2026, per HKEX filing — share class, exact count and total cost disclosed.2
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