The company posted 67.5 percent growth in revenue to 114.6 billion yuan ( billion) last year. Despite notching up a profit of 491.6 million yuan in 2016, Xiaomi made a net loss of 43.9 billion yuan in 2017.
The concept car was shown at the CES in Las Vegas in January and at the Frankfurt auto show in Germany in September.
The company is also using technologies to reduce labor costs. More than 95 percent of its customer service is now delivered by robots. It is estimated that with artificial intelligence, the company will save more than 40 million yuan (.8 million) a year by using robots for debt collection, in a scenario where it collected debts of 100,000 individuals and businesses per day on average.
The company is expected to have about 80 vendors in China by the end of this year, and is targeting 250 by 2021, according to the company's plan.
The company's stock recorded consecutive losses after the incident.
The company plans to hold 51 percent of the new firm's stakes and has submitted application materials to China's top securities watchdog, according to Gao Li, spokesperson with the China Securities Regulatory Commission (CSRC).
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The company said in a recent statement it hopes My People, My Country and future film releases will boost profits in the fourth quarter. To date, Beijing Jingxi still has 15 films in preparation or scheduled for production and release.
The company is also ramping up resources to tap into the internet of things market by partnering with a string of companies to build a smart home ecosystem.
The company now has a pipeline of 14 projects in residential, mixed-use and hotel in metro Atlanta, Georgia that is valued at about 0 million.
The company will replace the defective airbags free of charge.