Everything from new phones with powerful video capabilities to an electric scooter, Xiaomi unveils a plethora of updates for its various lines at Mobile World Congress in Barcelona. We take a look at some of the highlights in this supercut.
Xiaomi plans to begin selling its electric vehicles outside of China "within the next few years," the company's president William Lu said on Sunday. This week, Xiaomi launched its first premium EV in China called the SU7 Ultra, which starts at 529,000 Chinese yuan ($72,627).
Xiaomi launched the Xiaomi 15 and Xiaomi 15 Ultra on Sunday at the Mobile World Congress. The Xiaomi 15 starts at 999 euros ($1,047) and the Xiaomi 15 Ultra starts at 1,499 euros ($1,571).
Xiaomi, which produces smartphones and consumer electronics, delivered 135,000 E.V.s last year after tapping China's robust manufacturing supply chain.
Chinese electric vehicle maker Xiaomi on Thursday priced its luxury electric sedan, the SU7 Ultra, at 529,900 yuan ($72,931.72).
Xiaomi, the world's third-largest smartphone maker, launched its new flagship smartphone Xiaomi 15 Ultra on Thursday, with the base model starting at 6,499 yuan ($894.19).
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Xiaomi's robust ecosystem, rivaling Apple and Amazon, drives growth across smartphones, IoT, and EV segments, with a 40% upside potential at a 3x forward multiple. Premium smartphones like Xiaomi 15 Ultra and expanding IoT products are key growth drivers, enhancing brand equity and consumer stickiness. The successful launch of the SU7 EV and upcoming Yu7 model highlight Xiaomi's competitive edge in the EV market, reinforcing its ecosystem.
China's Xiaomi will explore ways to ramp up auto production capacity, CEO and founder Lei Jun said on his social media account on Friday.
The luxury version of Xiaomi's flagship electric vehicle, the SU7 Ultra, will be launched at the end of February, with a sales target of 10,000 units for this year, founder Lei Jun said on his Red Note account on Wednesday.
China's Xiaomi said on Monday that it expects to launch a new SUV, the YU7, in June or July next year.
The global smartphone market recovery continues. Strong 4Q24 China shipments will be supported by government purchase subsidies. Xiaomi 15 will boost market share. SU7 delivery will exceed 120k in 24E, with a projection to hit 240k in 25E. Ultra (luxury sport sedan) is expected to launch in 2Q25E. The news suggests Xiaomi and Goertek are developing AI glasses, targeting Ray-Ban Meta Smart Glasses as a competitor, with a potential launch in 2Q25E.