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

According to the June Entrepreneur IP Douyin Influence Ranking released by Chinese data company Newrank.cn, Huawei's Executive Director and Terminal BG Chairman Richard Yu's Douyin account ranked ...

In the first 18 hours after the YU7 went on sale, Xiaomi received some 240,000 orders that it considers locked in, with ...

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

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

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 plans to sell its electric vehicles overseas as SU7 and YU7 models gather steam in the Chinese domestic 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 ...

Lei’s optimism contrasts with renewed worries that China’s EV sector is about to sink into another price war.