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Xiaomi
Xiaomi
NEWS
Sales rose a better-than-projected 32% to $12.5 billion in the June quarter, boosted by roughly $869 million of revenue from its electric car division
Aug.22 2024 17:29 PM
Chinese tech giant’s budding EV business no longer has to rely on a manufacturing partner
Jul.15 2024 19:57 PM
- Siri integrates flight and dining information by cross-referencing data from emails, maps, and messaging apps, demonstrating improved on-device AI capabilities across Apple devices.
- Apple has announced a partnership with OpenAI to integrate the GPT-4o model into its devices, raising market concerns about Apple's own AI innovation capabilities and data privacy.
- Apple faces competitive pressure in China and globally due to declining hardware sales, despite efforts to enhance service revenue and AI functions to maintain its market position.
Jun.15 2024 13:54 PM
President Lu Weibing says his company aims to deliver 120,000 SU7s as confidence grows
May.24 2024 03:44 AM
Top German chipmaker keen to tap Chinese demand for specialty semiconductors
May.7 2024 13:30 PM
After the smartphone-maker received nearly 90,000 orders within the first day, its ability to manufacture and deliver the vehicles ‘will likely become the top focus,’ Goldman Sachs analysts say
Apr.2 2024 14:48 PM
Whether Xiaomi can attract buyers for its debut electric car beyond its established fanbase once the initial hype wears off will be crucial, industry insiders say
Mar.30 2024 18:51 PM
Smartphone giant’s supply chain management will also help ensure it can ‘navigate through the intensifying competition’ in the electric vehicle market, Lei Jun says
Mar.29 2024 20:14 PM
Smartphone maker sets itself against Tesla Model 3, plans mass deliveries by end of April
Mar.29 2024 04:11 AM
The smartphone giant will start selling its SU7 series in China, the result of a $10 billion foray into unfamiliar and intensely competitive market
Mar.28 2024 14:52 PM
In addition to dealerships, the SU7 will be sold in company-run delivery centers incorporating showrooms and retail stores repurposed to display the cars alongside other products
Mar.20 2024 19:02 PM
For the full year, Xiaomi posted net profit of 17.48 billion yuan, a sevenfold increase from 2022
Mar.20 2024 14:09 PM
- Li Auto, led by CEO Li Xiang, reported a profitable year in 2023 with 376,000 vehicles delivered and a net profit of 11.81 billion yuan. The company faced challenges after the launch of its first all-electric flagship model MEGA and three new extended-range models in early March 2024, experiencing negative reactions and organized attacks online.
- Huawei's automotive brand AITO has emerged as a significant competitor to Li Auto, surpassing its sales in the first two months of 2024. Huawei dominates in smart car technology and has expanded its automotive partnerships under the HarmonyOS for Cars system, posing a threat to Li Auto's market position.
- Despite setbacks with MEGA's launch, Li Auto is adjusting strategies by offering discounts on existing models and planning to introduce three new electric vehicle models by 2024. The company aims to maintain growth amidst intense competition from traditional automakers and tech companies entering the EV market.
Mar.16 2024 15:34 PM
The global launch of the Xiaomi 14 and 14 Ultra devices pushes the Chinese smartphone-maker’s name into the top 10 of online trending lists in Malaysia and the Philippines
Feb.27 2024 18:49 PM
Xiaomi founder to focus on auto business ahead of debut model’s launch, Huawei leads China smartphone sales in first two weeks of 2024
Feb.5 2024 09:30 AM
- In 2023, China's automobile sales increased by 10.8% compared to the previous year, reaching 26.938 million units in the first 11 months, with an expected total of over 30 million units for the full year. Despite this growth, many car companies struggled with profit margins due to a year-long price war and not all were able to meet their sales targets.
- The export market contributed significantly to China's automotive industry growth, with a 58.4% increase in exports over the same period last year, potentially making China the world's largest car exporter surpassing Japan. However, domestic market growth may have been negative without these exports and unconventional sales methods like second-hand and rental markets.
- The Chinese automotive industry is undergoing a transformation towards intelligent electrification, with competition intensifying as companies strive to cross profitability thresholds. New energy vehicles (NEVs) are becoming mainstream in China's market, with aggressive expansion plans from various companies aiming to secure top positions in an increasingly competitive landscape.
Dec.30 2023 17:25 PM
The phone-maker intends the SU7 to rival Porsche in performance and Tesla in technology, despite having demonstrated little unique expertise in the industry
Dec.28 2023 17:46 PM
Chinese smartphone-maker registers two electric models for assembly at Beijing factory to go on sale in the first half of 2024
Nov.16 2023 05:01 AM
China suspends its release of youth jobless rate. Xiaomi joins the AI model fray
Aug.16 2023 09:24 AM
The company also officially unveiled a new foldable phone as it steps up its push into the high-end market
Aug.15 2023 20:41 PM
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