Xiaomi’s new electric vehicle division has turned profitable roughly 19 months after launching its first car. Combining intelligent vehicles, artificial intelligence, and other initiatives, the business unit generated $4.0 billion in operating profit between July and September in pre interest and taxes revenue. Battery electric vehicles (BEV) alone represented $3.9 billion of the revenue generated during the third quarter of the year. 

The rise of Xiaomi within the EV space gives North American firms like Bollinger Innovations, Inc. (OTC: BINI) needed encouragement that they too…

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