Xiaomi has debuted the 11T Pro, its flagship smartphone with excellent display, strong performance and super-fast 120W charging.
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Xiaomi CEO Lei Jun said the Chinese smartphone maker will mass produce its own cars in the first half of 2024, a company spokesman said on Tuesday.
Smartphone maker Xiaomi’s second quarter revenue rose a record 64% from a year earlier, it said on Wednesday, as it capitalised on US sanctions against rival Huawei Technologies.
Chinese smartphone maker Xiaomi overtook Apple in the second quarter to become the world’s second largest smartphone maker, market research firm Canalys said in a report on Thursday.
Promoted | The company also debuted the Mi Smart Band 6, the latest edition in its best-selling wearable product line.
Xiaomi’s quarterly profit beat estimates after the world’s third largest smartphone maker narrowed the gap with market leaders Samsung Electronics and Apple in shipments.
Huawei Technologies has appointed Richard Yu, the outspoken leader of its consumer electronics business, as CEO of its smart car solutions unit, signalling the importance it places on future auto tech.
Xiaomi and the US government have reached an agreement to set aside a Trump administration blacklisting that could have restricted American investment in the Chinese smartphone maker.
Samsung Electronics has snatched back the crown from Apple as the world’s biggest smartphone producer, accounting for a fifth of overall global sales in the first quarter, market research firm Canalys said.
Xiaomi plans to invest about $15.3-billion over the next three years to manufacture electric cars, embarking on its biggest-ever overhaul to enter China’s booming EV market.