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Tag: Xiaomi

Xiaomi predicts EV profitability by late 2025 despite losses
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Xiaomi predicts EV profitability by late 2025 despite losses

Xiaomi CEO and founder Lei Jun announced on Tuesday that the company expects its electric vehicle division to become profitable in the second half of 2025, according to a company spokesperson. The projection comes despite Xiaomi posting a loss of 0.5 billion yuan ($69.5 million) in the first quarter from its smart EVs, artificial intelligence […]

Xiaomi unveils new electric SUV to challenge Tesla Model Y
News

Xiaomi unveils new electric SUV to challenge Tesla Model Y

Chinese tech giant Xiaomi took another bold step into the electric vehicle market on Thursday with the launch of its new SUV, the YU7, at 13 showrooms across Beijing. The unveiling marks Xiaomi’s continued push to compete with Tesla in the world’s largest car market. The YU7 follows the success of Xiaomi’s debut sedan, the […]

Xiaomi to challenge Tesla with the unveil of YU7 electric SUV
News

Xiaomi to challenge Tesla with the unveil of YU7 electric SUV

Chinese tech giant Xiaomi is set to launch its highly anticipated YU7 electric SUV this Thursday, alongside a suite of other new products, including a self-developed mobile chip, the company announced. The YU7 has been widely touted by analysts as a potential rival to Tesla’s Model Y in China — the world’s largest electric vehicle […]

Xiaomi to invest $6.9bn in chip design over next decade
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Xiaomi to invest $6.9bn in chip design over next decade

Chinese tech giant Xiaomi has announced plans to invest at least 50 billion yuan (approximately $6.93 billion) over the next ten years to advance its chip design capabilities, signaling a major push toward self-reliance in semiconductor technology. The long-term investment was revealed by Xiaomi founder Lei Jun in a post on Chinese social media platform […]

Chinese smartphone and electric vehicle manufacturer Xiaomi Corp is set to raise up to $5.27 billion through a top-up share placement. 
News

Xiaomi to raise $5.27bn in share sale amid expansion plans

Chinese smartphone and electric vehicle manufacturer Xiaomi Corp is set to raise up to $5.27 billion through a top-up share placement. The company is offering 750 million Class B shares at a price range of HK$52.80 to HK$54.60 per share, reflecting a 4.2% to 7.4% discount from its Monday closing price of HK$57, Reuters reported. […]

Xiaomi unveils new electric SUV to challenge Tesla Model Y
News

Xiaomi increases 2025 EV sales target to 350,000 units

Chinese technology giant Xiaomi has raised its full-year target for electric vehicle deliveries to 350,000 units, company founder Lei Jun announced on Tuesday via a post on Chinese social media platform Weibo. This marks a significant increase from the previous target of 300,000 EVs for 2025, which was set earlier this year. The revised forecast […]

Xiaomi to invest $6.9bn in chip design over next decade
Tech

Xiaomi unveils latest phone models at Mobile World Congress

Xiaomi has unveiled its latest flagship smartphones, the Xiaomi 15 and Xiaomi 15 Ultra, at the Mobile World Congress in Barcelona on Sunday. These devices mark the company’s continued push into the high-end smartphone market, aiming to compete directly with industry leaders like Samsung, according to CNBC. Both devices are powered by Qualcomm’s Snapdragon 8 […]

Xiaomi to launch first SUV in 2025
News

Xiaomi to launch first SUV in 2025

Chinese electronics giant Xiaomi announced on Monday that it plans to debut its first SUV, the YU7, in June or July of 2025, marking a deeper push into China’s highly competitive automotive sector. The company made the announcement on China’s social media platform Weibo, revealing an image of the YU7 alongside its first electric vehicle, […]

Xiaomi's revenue rises as electric vehicle sales soar
News

Xiaomi’s revenue rises as electric vehicle sales soar

Chinese electronics giant Xiaomi reported a 30.5 per cent increase in third-quarter revenue, fueled by strong consumer demand for its first electric vehicle, the SU7 sedan. The company, traditionally known for its smartphones and tech gadgets, launched the car in March, entering China’s competitive electric vehicle market with a bold pricing strategy. The base model […]

Xiaomi to invest $6.9bn in chip design over next decade
News

Xiaomi overtakes Apple as world’s second-best smartphone brand

The Redmi 13 and Redmi Note 13 series have played a key role in helping Xiaomi capture significant market share in India, Southeast Asia, the Middle East, and Latin America, according to a recent report. The report attributes Xiaomi’s rise as the second-largest smartphone brand in part to the seasonal drop in iPhone sales in […]

Xiaomi revenue hits 27% in Q1
News

Xiaomi revenue hits 27% in Q1

Chinese electronics giant Xiaomi on Thursday, reported a substantial 27% increase in first-quarter revenue, surpassing expectations due to robust handset sales amid a recovering smartphone market. For the initial three months of the year, Xiaomi achieved a revenue of 75.5 billion yuan ($10.42 billion), outpacing the 73.3 billion yuan forecasted by analysts at LSEG. Xiaomi’s […]

Xiaomi launches AI-enhanced 14 Series smartphone
News Telecommunications

Xiaomi launches AI-enhanced 14 Series smartphone

By Alex Omenye Chinese consumer electronics manufacturer, Xiaomi on Sunday launched its new AI-enhanced 14 Series smartphone for international markets, along with a range of wearable gadgets. The Xiaomi 14 Ultra, developed in collaboration with German camera-maker Leica, boasts a quad-camera configuration, while its more compact counterpart, the Xiaomi 14, features a triple-camera setup, as […]

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