The Latest Breaking News from Xiaomi

The Blue Oval CEO admitted that he cannot "give up" the car.

The Xiaomi SU7 Ultra sets record for fastest four-door EV around the Nurburgring.

Xiaomi only revealed the SU7 Ultra prototype in July, promising to launch a production version sometime next year. The company has big plans to become one of the world's top five automakers, and part of that plan includes producing the fastest four-door electric sedan to lap the Nürburgring Nordschleife.

It seems like the competitiveness in the electric vehicle space is finally paying off as battery-powered cars are finally getting cheaper to make. Battery costs are dropping, material costs are down too, and even the average transaction price of new vehicles seems to be stabilizing a bit (although they're still high).

The third-quarter sales of Apple in China has declined, while that of Huawei has soared.

Huawei ranked third in China’s smartphone market last quarter, according to IDC. Apple returned to the top five, in second place.

Developed in conjunction with Leica, Xiaomi's next flagship phone is expected to boast a 200MP telephoto camera

The Blue Oval CEO previously called its competition an "existential threat."

Jim Farley previously said Chinese EVs are Ford’s biggest competitors.