Chinese company Xiaomi aims to deliver 130,000 electric vehicles this year, improving its forecast for the third time.

Xiaomi posted a 30.5% increase in revenue in the third quarter, leading to an increase in its electric vehicle delivery target. The company launched the SU7 electric sedan in March, entering a crowded Chinese market for electric vehicles. Although Xiaomi's auto business is still operating at a loss, the company maintains its position as the world's third-largest smartphone maker.