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Tesla took 10 years to turn a profit and Xiaomi did it in two as YU7 beat Model Y sales
(www.notebookcheck.net)
this post was submitted on 20 Nov 2025
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Electric Vehicles
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I'm not saying they solely created the market, but they did play a role in making the current EV landscape.
If you just go by sales numbers, I think they had the top selling car from mid 2010s-now. Given the EV market is still growing, I think it's fair to call them a first mover.
For comparison BYD, another long term player and leader in the EV space, took 17 years to turn a profit (if I'm reading their wiki right).
BYD has never turned a profit.
Hmm, looking more closely at my original source it doesn't really state in clear terms. Looking online it sounds like they're making a net profit in 2025, but I can't find any sources older than that.