The world’s fourth-biggest phone maker Xiaomi now pledges to develop high-quality EVs with a ‘best-in-class’ connected device ecosystem.
The handset maker joins Huawei in setting up a subsidiary in Tampere, where Nokia is also located.
Xiaomi will hold 25% of the new chipmaking subsidiary, with the balance to be held by company employees.
Huawei has shifted its focus to consumer businesses, and needs to catch up in building out a supportive ecosystem.
As China’s smartphone market shrinks, companies are placing their bets elsewhere.
Smartphone shipments in China dropped to 91 million units in the first quarter of 2018, representing the largest single quarter decline on record. This is the first time since the end of 2013 that shipments have fallen below 100 million units. Technology market analysis firm Canalys said eight of the ten major smartphone manufacturers were […]