Lei Jun

Amid rumors of Chinese EV makers possibly entering the U.S. market, Xiaomi Corp. (OTC:XIACY) (OTC:XIACF) founder and CEO Lei Jun has denied a possible entry of the company's EV arm in the U.S. after images surfaced of the SU7 Sedan being tested in California. No Plans To Enter US In a post on the...

Tesla Inc. (NASDAQ:TSLA) rival Xiaomi Corp. (OTC:XIACY) (OTC:XIACF) is exploring options to sell its vehicles overseas. What Happened: Xiaomi CEO Lei Jun shared the company's plans during a livestream, Reuters reported on Thursday. Xiaomi is currently focused on domestic deliveries of the SU7 sedan...

Xiaomi Corp (OTC:XIACY) (OTC:XIACF) unveiled the company's first all-electric SUV, the YU7, as a rival to Tesla Inc. (NASDAQ:TSLA) Model Y. What Happened: Xiaomi took to the Chinese social media platform Weibo to announce that it had received over 289,000 orders for its YU7 SUV on Thursday, after...

Chinese tech giant Xiaomi (OTC:XIACF) has reportedly commenced deliveries of its SU7 electric sedan for which it has received over 100,000 orders. What Happened: The smartphone company started delivering its first electric vehicle to customers on Wednesday and held a ceremony to commemorate it in...

Chinese tech giant Xiaomi (OTCPK: XIACF) on Thursday revealed the official pricing of its first EV- the SU7 sedan. The car, touted to be a rival to Tesla Inc‘s Model S and the Porsche Taycan, is priced way lower than the two. What Happened: The vehicle will have a starting price of 215,900...

Xiaomi (OTC:XIACF) CEO Lei Jun on Tuesday donned the uniform of its newly unveiled EV factory as he gears up for the domestic launch of the smartphone maker’s first car, the SU7, also known as Speed Ultra. What Happened: “I can’t wait to unveil what we’ve been working on!...

Chinese tech giant Xiaomi is making a bold move into the electric vehicle (EV) industry, with substantial investment in its first model. What Happened: Xiaomi’s CEO Lei Jun has announced high aspirations for the company’s first EV model, as per a CnEVPost report on Monday. The interview...

Shares of QUALCOMM, Inc. (NASDAQ: QCOM) surged higher by more than 7 percent Wednesday morning. Qualcomm announced an agreement to license its patents to Xiaomi. As part of the agreement, Qualcomm will allow Xiaomi to use its patents in new 3G and 4G devices. Shares of Qualcomm spiked...

The familiarity with Chinese electronics company Xiaomi may not currently be universal, but that is about to change. The five-year-old startup has made waves in Asia with low priced smartphones and other connected goods, but the company's CEO Lei Jun says China is only the beginning. Low-Cost...

Facebook Inc (NASDAQ: FB) was arguably the catalyst for the social media explosion seen over the past ten years, but the company has been working to expand its portfolio as consumer preferences shift and attention spans become increasingly shorter. WhatsApp Proves A Solid Investment In 2014,...

Somewhere in China, an unspecified number of people recently skipped work to purchase a new smartphone. The device was sleek, stylish and promised to deliver the next evolution in mobile communication. In a very short time, this product has turned its manufacturer into a multi-billion-dollar empire...