Xiaomi Corp. reported a 30.5% year-over-year increase in third-quarter revenue, reaching approximately $12.8 billion, surpassing analyst expectations. The company's adjusted net profit rose by 4.4% to CNY6.3 billion (USD870 million). This growth was primarily driven by the success of its smartphone and electric vehicle (EV) businesses, with EV sales contributing RMB9.7 billion to the revenue. Xiaomi's smart EV business, which includes the SU7 sedan, saw cumulative deliveries surpassing 100,000 units. The company also raised its full-year car delivery target to 130,000 units. Despite the revenue surge, Xiaomi's shares opened higher after its American Depositary Receipts (ADRs) surged by 6.7% overnight. The company remained committed to R&D, investing RMB6 billion in the third quarter.