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.
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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.
A global shortage of chips that has rattled production lines at car companies and squeezed stockpiles at gadget makers, is now leaving home appliance makers unable to meet demand.
China’s Xiaomi plans to make electric vehicles using Great Wall Motor’s factory, said three people with direct knowledge of the matter, making it the latest tech firm to join the smart mobility race.
Huawei has taken the wraps off its latest high-end foldable smartphone, hoping to stake out a place in a fast-expanding category despite dwindling expectations that the US will roll back sanctions anytime soon.
Xiaomi filed a complaint in a Washington against the US defence and treasury departments, seeking to remove the Chinese smartphone maker from an official list of companies with ties to China’s military.
The Trump administration blacklisted Chinese smartphone maker Xiaomi and 10 other companies as it broadened efforts to undercut the expansion of the country’s technology sector.
LG Electronics has reorganised its mobile phone division to increase outsourcing of its low-end to mid-tier smartphones, which analysts said represented an attempt to cut costs and compete with Chinese rivals.
Huawei Technologies’ global smartphone market share is expected to fall to just 4% in 2021, a precipitous drop for the company that earlier this year ranked as the world leader in shipments.
Chinese handset rivals of Huawei including Xiaomi, Oppo and Vivo are making aggressive moves to seize market share from their giant rival.