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

Xiaomi's new YU7 EV, priced just under Tesla's Model Y, garnered over 200,000 orders in minutes, hitting 289,000 in an hour.

Lei Jun, the cofounder and CEO of Xiaomi, unveiled the company’s first electric vehicle on Thursday, marking the Chinese smartphone maker’s entry into the country's highly competitive EV market.

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 only been in the EV business for a year, and it's already sold 200,000 cars to Chinese drivers.

Xiaomi made a huge splash in China's EV market with the launch of its first vehicle, the SU7 sedan, in March last year. While ...

Xiaomi CEO Lei Jun has been called China's Steve Jobs. Now he's got his eyes on the EV market in ways Apple could never pull off.

The Model Y is China's best-selling SUV and starts at 263,500 yuan ($56,000). Marina Zhang, a China expert at the University ...

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. The ...

Like Apple, Xiaomi has invested billions into getting an electric vehicle to market. The smartphone maker debuted its first car in December.

Xiaomi founder, chairman and chief executive Lei Jun on Wednesday marked the roll-out of the firm's 100,000th electric vehicle (EV) from the assembly line with a social-media post of himself ...