Xiaomi just announced its financial report for the first quarter of 2023, which included encouraging numbers for the business as it prepares to join the market for electric vehicles.

By the time the report was published, Xiaomi has surpassed the 600 million user threshold and reached the impressive milestone of 594.8 million monthly active users between January and March 2023.

Xiaomi made $5 billion in sales from its smartphone division, selling 30.4 million units. The average selling price (ASP) for each gadget was $163, up 2.7% from the previous three months.

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