Xiaomi CEO Teases with New SU7 EV Prices

On Monday, Xiaomi’s CEO Lei Jun announced an ambitious target for the company’s first electric car, the SU7, aiming to set it below 500,000 yuan ($69,424). Xiaomi is set to reveal the price and commence pre-orders for the vehicle, known as Speed Ultra 7, this Thursday. Lei’s statement on Weibo introduced the price ceiling for […]

The Xiaomi Scale Up, Samsung Is Losing the Battle

Xiaomi has taken the smartphone world by storm. With an attractive line-up of cheap but jampacked with-specs phones. They seem like they will dethrone the big players, and maybe they already did. Samsung is facing its most brutal battle yet, and its scariest rival. Xiaomi is not here to participate in the mobile phone fight. […]

Xiaomi in Talks with BAIC to Produce Electric Cars - Bloomberg News

Smartphone maker Xiaomi Corp is eyeing an electric vehicle (EV) production tie-up with Beijing Automotive Group Co (BAIC), as it faces delays in acquiring a licence to make cars on its own, Bloomberg News reported on Friday. Such partnership among EV startups and traditional carmakers has become increasingly common in China, as state planners have […]

Cheap Phones on Wish: Are They Any Good?

Some of you may have heard of this website. Wish.com is the go-to online marketplace tailored to meet shoppers’ needs from third-party sellers whenever they are browsing for that one piece they are itching to buy. It may be a piece of clothing you saw on Pinterest or any retail store, shoes, or even electronics, […]

Xiaomi Posts 20% Revenue Fall, Hurt by China COVID Curbs

China’s Xiaomi Corp posted a steep drop in second quarter revenue on Friday as the world’s biggest smartphone market shrank, hit by strict China COVID curbs and restrictions. Sales fell 20 percent year on year (YoY) to 70.17 billion yuan ($10.31 billion), missing estimates and marking a steeper decline from the previous quarter when the […]

China's Xiaomi Battles Probes in Key India Market

Chinese smartphone giant Xiaomi Corp faces legal headaches in India as a federal financial crime-fighting agency and tax authorities investigate its business practices. Xiaomi denies wrongdoing. But it recently hit the headlines with accusations that its executives faced intimidation from Indian enforcement officials, drawing public rebuttals from the agency and words of support from China. […]