Five out of 13 Chinese carmakers, including #Seres, #Xiaomi, #Zeekr, Li Auto, and #BYD, have reported gross profit margins above 20% so far this year, Yicai calculated based on data in their earnings reports. Notably, the margin at Xiaomi’s auto business exceeded #Tesla’s in the second quarter, ranking it first among producers that have announced margins for the three months ended June 30.