Autonomous driving technologies are the most crucial part of intelligent and electric vehicles, president Wang said.
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Posted inHeavy Hitters
Xiaomi sues US government over investment ban
Xiaomi asked the court remove it from a defense blacklist that bans Americans from investing in companies linked to the Chinese military.
Posted inHeavy Hitters
Xiaomi says US court has revoked investment ban
The verdict means that Xiaomi has finally shaken off a geopolitical burden that weighed down its shares since earlier this year.
Posted inHeavy Hitters
Xiaomi hires former BAIC executive for its electric car project
Xiaomi has hired Yu Liguo, a former senior executive at state-owned automaker BAIC Motor, to lead its autonomous electric vehicle project.
Posted inHeavy Hitters
Xiaomi invests $1.5 billion in fully owned EV business
The world’s fourth-biggest phone maker Xiaomi now pledges to develop high-quality EVs with a ‘best-in-class’ connected device ecosystem.
Posted inThe Numbers
Xiaomi revenue growth accelerates on weaker Huawei
Xiaomi posted its fastest pace of revenue growth in the third quarter since its 2018 listing but warned of a ‘supply chain shortage.’
Posted inHeavy Hitters
Xiaomi readies $4.3 billion in share buybacks
Xiaomi will roll out a more aggressive share buyback initiative following an earlier plan to repurchase up to HK$12 billion worth of stock.
Posted inHeavy Hitters
Xiaomi brings in banker to boost fintech push
Xiaomi is actively seeking new growth opportunities outside smartphones as global handset sales shrink, and fintech is the answer.
Posted inThe Numbers
Xiaomi spent $65 million on share buybacks this week
The buybacks of Xiaomi shares come during turmoil in Asian markets. The global smartphone market is expected to be severely hit by the coronavirus outbreak.
Posted inHeavy Hitters
Xiaomi wants to be exempted from an e-commerce ban in India
Chinese handset makers including Xiaomi and Realme are asking the Indian government to list smartphones as an essential commodity so that they can be sold on e-commerce platforms during the nationwide lockdown in India. Why it matters: India is one of the most important overseas markets for many Chinese smartphone makers, and a 21-day national lockdown […]
