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Tag: Xiaomi

Smartphone demand increases Xiaomi's revenue to 30%
News

Smartphone demand increases Xiaomi’s revenue to 30%

Chinese tech giant Xiaomi reported a 30.5% rise in second-quarter revenue, buoyed by strong smartphone sales in Southeast Asia despite a sluggish global market. Revenue for the three months ended June 30 climbed to 116 billion yuan ($16.16 billion), ahead of analysts’ expectations of 114.7 billion yuan, according to LSEG data. Adjusted net profit jumped […]

Xiaomi to launch electric car in South Africa
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Xiaomi to launch electric car in South Africa

Chinese electronics giant Xiaomi is set to introduce its fastest electric vehicle, the SU7 Ultra, to the South African market in the coming months. While the company has yet to confirm an exact launch date or pricing, the high-performance model is already turning heads internationally. The SU7 Ultra has outpaced some of the world’s most […]

Xiaomi faces backlash over delay for new YU7 electric SUV
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Xiaomi faces backlash over delay for new YU7 electric SUV

Chinese tech giant Xiaomi is facing a wave of consumer backlash after announcing that buyers of its newly launched YU7 electric SUV may have to wait more than a year to receive their vehicles. The company, which entered the electric vehicle market last year, revealed that it received approximately 240,000 orders within the first 18 […]

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 […]

Smartphone demand increases Xiaomi's revenue to 30%
News

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 […]

Smartphone demand increases Xiaomi's revenue to 30%
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 to launch electric car in South Africa
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 […]

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