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

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.

The car, which starts at $35,000, intends to compete with the Model Y, China's most popular SUV, which starts at $36,760.

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

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 ...

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 ...

Chinese smartphone company Xiaomi priced its luxury YU7 SUV within expectations — but undercut Tesla’s Model Y.

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.

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 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 ...

Lei’s optimism contrasts with renewed worries that China’s EV sector is about to sink into another price war.