With the new 12S series, Xiaomi has hoped to compete with rivals by offering high-end smartphones at a competitive price.
Xiaomi revealed a new foldable smartphone, the Xiaomi Mix Fold 2, on Thursday, boasting a folded thickness close to that of a regular phone.
Chinese smartphone maker Xiaomi released the new Redmi Note phones on Tuesday, marking a further move into higher-end markets for the brand.
Xiaomi has hired Yu Liguo, a former senior executive at state-owned automaker BAIC Motor, to lead its autonomous electric vehicle project.
Autonomous driving technologies are the most crucial part of intelligent and electric vehicles, president Wang said.
Leading automakers have been embracing high-voltage battery systems, a technology and a longer driving range.
Xiaomi is the world’s second-largest smartphone maker by market share; its entry into the growing EV market may bring new competition to Nio, Xpeng, and Li Auto.
The cell phone maker known as ‘the Apple of China’ has backed EV companies Nio and Xpeng. Its entry is expected to shake up China’s car market.
The world’s fourth-biggest phone maker Xiaomi now pledges to develop high-quality EVs with a ‘best-in-class’ connected device ecosystem.
Ninebot is expected to become the first foreign-registered company with a variable-interest entity structure to list on a stock exchange in Mainland China.