By Che Pan and Brenda Goh BEIJING (Reuters) -China's Xiaomi reported a 80.9% jump in third-quarter profit on Tuesday as the world's third-largest smartphone maker doubled down on its shift into electric vehicles. Adjusted net profit reached 11.3 billion yuan ($1.59 billion), exceeding the average estimate of 10.3 billion yuan, according to LSEG data. The company said in a stock filing that the growth was driven by EV, AI and other new initiatives, achieving positive income from operations in a single quarter for the first time. Revenue for the quarter ended September rose 22.3% to 113.1 billion yuan ($15.90 billion), below the 116.5 billion yuan average of analyst estimates compiled by LSEG. Hong Kong-listed shares in Xiaomi, which also makes smartphones and home appliances, closed down 2.

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