Chinese tech giant Xiaomi posted a 30.5 per cent increase in revenue for the second quarter, driven by strong demand for electric vehicles (EVs), even though its core smartphone business experienced flat sales. Xiaomi on Tuesday reported revenue of 116 billion yuan (US$16.1 billion) for the three months ended June, a record high that beat analysts’ estimates of 114.94 billion yuan. Net profit for the period also reached a record at 10.8 billion yuan, a 75.4 per cent year-on-year increase,...