Xiaomi Corp.’s foray into electric vehicles and how it might shake up the industry in China will be scrutinized when it reports earnings alongside established competitor XPeng Inc. this week.
The smartphone giant’s multibillion-dollar bet on breaking into the competitive EV market, dominated by Tesla Inc. and BYD Co., will see its first model go on sale later this month. Meanwhile, XPeng may report deeper losses as it slashed prices to boost sales and keep up with rivals.
