Chinese automakers BYD, Leapmotor, and Xiaomi have raced past their annual delivery targets a month ahead of schedule, underscoring their rapid growth and strong market demand as the year comes to a close.
Chinese automakers BYD, Leapmotor, and Xiaomi have raced past their annual delivery targets a month ahead of schedule, underscoring their rapid growth and strong market demand as the year comes to a close.
Chinese electronics maker Xiaomi Corp posted a 30.5% jump in third-quarter revenue as consumers clamoured for its first electric vehicle, the SU7 sedan.
Xiaomi Corp. reported its fastest pace of revenue growth since 2021, buoyed by the initial success of its first electric vehicles and a global smartphone market bounceback.
Chinese consumer electronics company Xiaomi on Thursday detailed plans to enter China’s oversaturated electric vehicle market and compete with automaker giants Tesla and Porsche with a car model it says it spent more than 10 billion yuan ($1.4 billion) to develop.