In the midst of a rapidly evolving smartphone market, China continues to reveal unexpected trends. According to IDC, shipments of Apple (AAPL.O) smartphones dropped by 9% in the first quarter compared to the same period last year. While most industry players are showing steady growth, Apple stands out as one of the few facing a downturn.
The electric vehicle industry continues to evolve rapidly, and any major auto show is bound to spark lively discussions. Recent news from Xiaomi $1810.HK has attracted the attention of industry specialists: at the upcoming Shanghai Auto Show, the company has decided not to unveil its new electric SUV, the YU7. This development has tempered the expectations of many analysts and auto enthusiasts who were eager to see a potential rival to Tesla’s $TSLA Model Y.
On March 29, a tragic accident involving an SU7 vehicle resulted in a fatality, prompting intensive investigative efforts. Recently, Chinese tech giant Xiaomi announced that it is fully cooperating with law enforcement authorities by handing over crucial driving and system data. This proactive measure underscores the company’s commitment to transparency and responsibility in addressing incidents that have far-reaching implications across the technology and automotive sectors.
Recent events surrounding Xiaomi have highlighted that even the most technologically advanced companies can face significant challenges. One of its electric vehicles, the SU7, was involved in a high-speed accident on a highway in China, with local media reporting the tragic fatalities of three individuals. This incident is expected to draw increased scrutiny toward the smart driving technologies employed in many modern vehicles, including those of Xiaomi.
The year 2025 has marked a significant milestone for the stock market, as Hong Kong has overtaken India to become the second largest stock market globally. This achievement comes for the first time since 2021, primarily fueled by the recovery of stock prices for Chinese companies such as BYD Co. and Xiaomi Corp.
On Tuesday, Chinese technology giant Xiaomi Corp announced that it secured USD 5.5 billion through an equity placement, marking a significant step in its ambitious plan to venture further into electric vehicle production. Renowned as the world’s third-largest smartphone manufacturer, Xiaomi successfully concluded the deal on the Hong Kong Stock Exchange, reinforcing its strategic commitment to innovation and market expansion.
Chinese tech company Xiaomi has unveiled its first SUV—the electric crossover YU7. According to a government document released on Thursday, this vehicle promises impressive capabilities, including a driving range of up to 770 kilometers (478 miles). This article will explore the key features of this innovation and its potential market impact.
China's electric vehicle market is demonstrating remarkable resilience in the face of national economic stagnation and increased tariffs from the United States and the European Union. Companies like Xiaomi Corp., Geely Automobile Holdings Ltd., NIO Inc., and Xpeng Inc. are showing impressive results, suggesting that the electric vehicle sector can not only adapt but also thrive amid global economic uncertainty.
Xiaomi, a company well-known for its budget smartphones, has taken a significant step into the premium market with the launch of its new flagship device, the Xiaomi 15 Ultra. Priced at €1499 (approximately $1560), this phone positions itself as a competitor to major players like Apple Inc. $AAPL.
Chinese company Xiaomi $1810.HK has announced its intent to enhance its production capacity, as revealed by CEO and founder Lei Jun in a social media post on Friday. This move aims to support growth and expand the brand’s presence in international markets.
India has taken a strategic step to strengthen its position in the electronics market by eliminating import duties on components critical for mobile phone manufacturing. This initiative was announced during the country's annual budget presentation by Finance Minister Nirmala Sitharaman. This move presents significant opportunities for tech giants like Apple $AAPL and Xiaomi $1810.HK.
Chinese tech giant $1810.HK has announced the recall of more than 30,000 SU7 model vehicles manufactured between February 6 and November 26, 2024. The primary reason for the recall involves detected malfunctions in the autonomous parking feature, which arose from a glitch in time synchronization within the company's cloud services.
