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 is paying off. The company reported 365.9 billion Chinese yuan ($50.6 ...

Lei Jun, co-founder and CEO of Xiaomi, gives a first look at the Xiaomi YU7 SUV in Beijing on May 22. Prospects for the car, launched Thursday, have driven up Xiaomi shares.

Lei Jun, founder of Chinese tech giant Xiaomi, is now the fifth richest billionaire in China after company shares rallied 250% over the past 12 months. Xiaomi’s investors are increasingly ...

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.

Lei Jun, the billionaire founder of Xiaomi, rose from humble beginnings to global tech stardom. Born in Hubei, China, he created Xiaomi in 2010, transforming it into a leading tech brand.

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 ...

Xiaomi's CEO Lei Jun said on Monday that the firm plans to hold an official launch event for its new YU7 electric sports utility vehicle on Thursday, where it is expected to announce pricing and ...

Xiaomi Corp. founder Lei Jun expects its year-old EV business to turn profitable in the second half, a milestone for the billionaire’s $10 billion endeavor in a cut-throat market.

Lei Jun confirmed that Xiaomi will show off the Xiaomi 15 series, HyperOS 2, Pad 7 series, Watch S4, and Band 9 Pro. They’re also launching other cool gadgets, like a high-end electric scooter ...

Lei Jun pledged Xiaomi’s support for subsidy policies, boosting sales 4x. Xiaomi phones, tablets, and wearables, priced under 6,000 yuan, are subsidy-eligible.

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 is paying off. The company reported 365.9 billion Chinese yuan ($50.6 ...