Lei Jun, the billionaire cofounder of Chinese tech giant Xiaomi, launched an electric SUV that could be a strong competitor ...

The collapse of Apple’s moonshot car program has only underscored the effectiveness of Xiaomi’s grounded approach, which took inspiration from proven designs from Tesla Inc. and Porsche Automobil ...

The car, which starts at $35,000, intends to compete with the Model Y, China's most popular SUV, which starts at $36,760.

Chinese smartphone company Xiaomi priced its luxury YU7 SUV within expectations — but undercut Tesla’s Model Y.

The company's 2024 earnings, its first set of annual results as a bona fide carmaker, show that founder Lei Jun’s big EV bet ...

When Xiaomi unveiled its electric car to much fanfare in late 2023, CEO Lei Jun called the project his last entrepreneurial endeavor. Fifteen months later, Lei’s bet now seems like it might pay ...

On Monday, Xiaomi's billionaire cofounder and CEO, Lei Jun, said that his company was implementing a 10-year plan to invest 50 billion yuan, roughly $7 billion, into chip design as it looks to ...

Xiaomi has accepted Elon Musk's challenge to try and dethrone Tesla in China. And this high-tech SUV is cheaper than a Model ...

17 May 2025, 00:20 UTC · By: Cristian Agatie / Xiaomi CEO Lei Jun confessed he was overwhelmed by criticism against his company despite making huge efforts to deliver the safest car on the market ...

Xiaomi on Wednesday denied a report that the launch of its highly-anticipated YU7 had been delayed and said the electric SUV would still go on the market in June or July, as CEO Lei Jun had ...

When Xiaomi unveiled its electric car to much fanfare in late 2023, CEO Lei Jun called the project his last entrepreneurial endeavor. Fifteen months later, Lei’s bet now seems like it might pay off.