Xiaomi has been making headlines for its strategic moves in the tech industry. The Chinese electronics company has been investing in smartphones, mobile apps, laptops, and other consumer electronics. Xiaomi's collaboration with CATL to support the production of electric vehicles by Li Auto and its introduction of HyperOS, a customised Android system integrated with its IoT platform Vela, have garnered attention. Additionally, Xiaomi's innovative products and expansion into new markets have contributed to its growing presence in the industry.
Founded in April 2010 and headquartered in Beijing, Xiaomi Corporation has established itself as a prominent player in the global electronics market. The company is known for its high-quality yet affordable smartphones, as well as a wide range of consumer electronics and accessories. Xiaomi's focus on innovation, user experience, and competitive pricing has helped it gain a strong foothold in the industry. With a diverse product portfolio and a commitment to technological advancement, Xiaomi continues to be a key player in the ever-evolving tech landscape.
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Apple is still No 1 in China’s premium segment, which consists of handsets priced over US$600, but it is losing market share to Honor and Huawei, according to IDC.
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Tesla said cheaper models are coming sooner than it had planned. The move comes as it reported a steep Q1 revenue drop and after news of job cuts.
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CATL will start construction on a new battery plant in Beijing this year to support the production of electric vehicles by Li Auto and Xiaomi.
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Electric car owners are struggling with charging infrastructure, including availability and range anxiety, as well as rising electricity costs.
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BYD sold 526,409 electric vehicles in Q4, surpassing Tesla's sales, marking a significant shift in the market.
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EV sales growth in China expected to slow to 20% in 2024, down from 30% in 2023, amid increasing competition and potential capital crunch for struggling companies
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Nissan announces a
£3 billion investment in its Sunderland car plant to produce two new electric models and build a third battery factory, with significant government support.
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Xiaomi introduces HyperOS, a combination of a highly customised Android system and the company's proprietary Internet of Things (IoT) platform Vela.