In the first quarter of 2024, global smartphone shipments increased by 7.8% to 289.4 million units compared to the previous year, according to market intelligence firm IDC. This marks a third consecutive quarter of growth, signaling a recovery for the smartphone market after some tough years, the report analyzed. The top five smartphone brands in […]
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SAIC-Alibaba EV brand apologizes after “incorrect” Xiaomi car specs claim
Intelligence in Motion (IM), a premium electric vehicle brand launched by China’s biggest automaker SAIC and e-commerce giant Alibaba, has apologized repeatedly for an incorrect mention of vehicle specifications of the Xiaomi SU7 during a press event on Monday. The four-year-old EV brand was severely criticized on Chinese social media after taking aim at Xiaomi […]
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Xiaomi EV delivery wait time extended to more than five months
Xiaomi has been under pressure related to mass production and timely delivery of its first electric vehicle, as the estimated delivery wait times for the SU7 Pro extend to five months, according to two sales representatives in Shanghai on Friday. Meanwhile, the waiting time for the SU7 Max, the top-end version of the all-electric sedan, […]
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Chinese EV makers see sales recovery in March as Xiaomi enters the fray
The initial success of Xiaomi’s first EV is having a knock-on effect on most other automakers which take immediate action in order to hold on to their market shares.
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Excited customers flock to stores for Xiaomi’s first EV: report
Hundeds of customers queued up in long lines amid tight security at Xiaomi’s flagship store in Shanghai over the weekend looking to get their hands on the electronics brand’s $29,881 Porsche-like EV, with some even getting to test drive the vehicle well past midnight. A sales executive told state-owned media The Paper that over 1,800 […]
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“China’s Apple” Xiaomi takes aim at Tesla with debut EV launch, as millions watch online
Xiaomi’s car launch contrasts markedly with Apple’s surprise retreat from the EV landscape.
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Xiaomi reports strong net profit growth despite slight revenue decline in 2023
Xiaomi announced on Tuesday that it saw a 126.3% year-on-year increase in adjusted net profit to RMB 19.3 billion ($2.68 billion) in 2023, despite a slight 3.2% year-on-year decrease in total revenue to RMB 270.9 billion ($37.63 billion). In 2023, Xiaomi’s research and development expenditure surged by 19.2% year-on-year to RMB 19.1 billion ($2.65 billion), […]
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Xiaomi to release the Civi 4 Pro, the world’s first smartphone with Snapdragon 8s Gen 3 processor
Xiaomi on Monday announced the global debut of the Civi 4 Pro smartphone featuring a brand new Snapdragon processor and confirmed the phone’s release date as March 21. Qualcomm unveiled the new Snapdragon 8s Gen 3 chipset on the same day, positioning it below its current flagship Snapdragon 8 Gen 3 in capabilities and price. […]
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Huawei, Xiaomi, and Geely’s new EVs have details leaked on Chinese government site
The upcoming models are expected to make their debut at the April’s Beijing Motor Show, positioned to compete with models from dominant rivals such as BYD and Tesla.
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Qualcomm’s new Snapdragon 8s Gen 3 may debut on Xiaomi Civi 4 smartphone
On Monday, US chip giant Qualcomm announced via the Twitter-like platform Weibo that it would launch a new chipset on March 18. While the exact chipset remains undisclosed, several reports suggest it could be the Snapdragon 8s Gen 3, potentially accompanied by the Snapdragon 7+ Gen 3. Weibo tech blogger Digital Chat Station indicates the […]