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BYD reported to begin supplying EV batteries to Xiaomi and Nio

BYD is making a play for a bigger share of the electric vehicle (EV) battery market, as local media reported on March 25 that Nio is currently testing BYD’s lithium-ion batteries for use in its electric crossovers, citing people familiar with the matter. Smartphone maker Xiaomi also recently reached an agreement with Fudi Battery, a spin-off of BYD, to test and validate its first car with the automaker’s so-called blade batteries, which boast less risk of overheating than cobalt batteries, according to the report. The companies declined to comment on the report. [36Kr, in Chinese]

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India demands Xiaomi pay $88 million in import taxes

The finance ministry of India has demanded Xiaomi pay INR 6.53 ($88 million) in import taxes that the Chinese tech company allegedly owes. Xiaomi’s Indian arm has evaded customs duties by not adding some royalty and license fees into transaction values between Apr. 1, 2017 and Jun. 30, 2020, a statement from the Indian government claimed. The Beijing-based smartphone manufacturer said in a Wednesday response that it has yet to agree with the Indian authorities, adding that the issue is caused by a disagreement on the methodology used to determine the price for imported goods. [CNBC]

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India freezes Xiaomi’s local assets due to a suspected foreign exchange violation

India has accused Chinese consumer electronics company Xiaomi of violating the country’s foreign exchange laws and moved to freeze INR 55.51 billion ($730 million) worth of Xiaomi India’s assets on April 27, Caixin reported on Monday. India’s announcement stated that Xiaomi India has transferred INR 55.51 billion to three entities under royalty payments since 2015. The announcement notes that Xiaomi did not receive any service from these entities. Xiaomi released an announcement on its social media accounts on Monday, claiming that “all our operations are firmly compliant with local laws and regulations.”

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Apple’s share of China earbuds market falls by 11% as domestic brands rise

Apple’s share of the Chinese earbuds market for the first quarter of 2022 fell by 11% year-on-year, according to shipment figures released by business insight firm Canalys on Wednesday. According to the report, the top five earbuds brands by shipments for the quarter were Apple, Xiaomi, Edifier, Huawei, and QCY. Apple’s share of the market fell to 16%, while domestic brands Xiaomi, Edifier, and Huawei all recorded year-on-year market share growth of between 7% and 28%. Apple remains dominant globally, with a 32% share of the earbuds market, while Chinese brands Xiaomi and Edifier are third and fifth respectively in terms of global market share.

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Self-driving sensor startup Robosense raises undisclosed amount of strategic funds

Chinese self-driving sensor maker Roboense on Tuesday announced that it has raised an undisclosed amount of strategic fund jointly led by investment bank China Renaissance, Xiaomi-backed investment fund Hubei Xiaomi Changjiang Industrial Investment Fund, and Chinese bus manufacturer Yutong. Other investors include YF Capital, a private equity firm run by Alibaba co-founder Jack Ma, BYD, […]

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Two sessions 2022: 5 Chinese tech leaders weigh in 

The annual meetings of the National People’s Congress (NPC) and the advisory Chinese People’s Political Consultative Conference (CPPCC) being held this week are most important for the windows they provide into the government’s economic targets and policy priorities in the coming year.  But the so-called “two sessions” meetings also enable some top private enterprise executives who are […]

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Chinese smartphone sales hit 30.9 million in January

Chinese smartphones’ sales hit 30.9 million in January, an increase of 0.4% year-on-year and 38.6% month-on-month, according to tech consultancy firm CINNO Research. Oppo and Vivo were the top sellers with 5.4 million and 5.2 million sales respectively. Honor, which was formerly owned by Huawei, came in third place with 5.2 million sales, with the brand achieving 242.9% yearly growth. Apple and Xiaomi rounded out the top five, moving 5.1 million and 4.4 million smartphone units each.

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China’s smartphone shipments continued to decline in April

China shipped 17.6 million units of smartphones in April, a decline of 21.6% year-on-year and 12.2% less than the number recorded in March, according to CINNO Research. Among the top-selling brands in the country, Apple regained its place at the top, shipping 3 million units in April with a 2.2% monthly drop and a 3.5% yearly drop. While shipments for Chinese brands Xiaomi, Oppo, and Vivo all declined by at least 32% year-on-year, Honor’s shipments grew by 127.7% compared to the same period last year. CINNO attributed the declining numbers to a drop in market demand, as well as the less promising processors for Android phones compared to Apple’s.