Manu Kumar Jain, the global vice president of Chinese electronics giant Xiaomi, announced his resignation on January 30. Jain joined the firm in 2014 and joined its international business in July 2021. He has served as the head of Xiaomi's India business for a long time.
Xiaomi sub-brand Redmi launched its new Redmi K60 smartphone series in China on December 27. The new lineup includes the Redmi K60, Redmi K60 Pro, and Redmi K60E. A "Speed Edition" for the Note 12 Pro has also been launched.
A battery patent application submitted by Xiaomi was authorized on December 20. This utility battery model is equipped with liquid cooling plates on both sides of each row of cells, allowing the temperature of each row to be regulated by two large liquid cooling plates.
Chinese consumer tech giant Xiaomi held a product launch conference on December 11, officially releasing the high-end flagship Xiaomi 13 smartphone series, a new MIUI 14 operating system and various AIoT products.
Chinese consumer electronics giant Xiaomi has recently begun to promote a press conference that will be held at 7 p.m. on December 1, Beijing time. The Xiaomi 13 smartphone series, the firm's first desktop computer and other products will all be released at the event.
The progress of Xiaomi's vehicle manufacturing project is reportedly falling short of expectations, which may eventually lead to lower product competitiveness.
Affected by positioning upgrades, material costs, the continued impact of COVID-19, exchange rate fluctuations and other factors, the unit price of the upcoming Xiaomi 13 smartphone series is expected to increase by 15-20% to around 4,500 yuan ($628).
Xiaomi released its financial report for the third quarter of 2022 on November 23. Its revenue in the period was 70.47 billion yuan ($9.87 billion), down 9.7% year-on-year. Net profits were -1.476 billion yuan, while adjusted net profits were 2.117 billion yuan, down 59.1% year-on-year.
Xiaomi's vehicle manufacturing business has been established for more than a year now, and related rumors have emerged one after another from within the industry.
Reports surfaced on November 2 claiming that Xiaomi's vehicle manufacturing project has been called to a stop. The Chinese consumer tech giant later stated that its automotive business is progressing smoothly and that it does not address rumors.
Chinese research firm Analysys released a report detailing the market share of AR glasses in China in the third quarter of this year, showing that Xiaomi's AR glasses ranking fourth with a market share of 8.5%.
Airstar Digital Technology is a key company in Xiaomi's financial business segment, and its business mainly includes industrial financial services, financial technology services and personal financial services.
Xiaomi's first engineering prototype car had been completed on September 28. The next important step for Xiaomi Auto will be the completion of its automobile factory by the end of the year.
Xiaomi launched the latest member of its Civi smartphone series for the Chinese market on September 27. The new Xiaomi Civi 2 comes to users with a Snapdragon 7 Gen 1 chipset.
On September 25, a Xiaomi 5G smartphone model with code name "2210132C" passed China's official safety assessment process, which is required for all products imported or sold in the country.
On September 25, Auto Custom, a modified car startup based in Tianjin, released its first self-designed small sports car model SC01. Smartphone maker Xiaomi has invested tens of millions of yuan in the company.
The Xiaomi 11 smartphone series released in 2020 aroused widespread discussions on September 21, as an online topic reading "users defend rights after repeated exposure of quality problems with Xiaomi 11 series" appeared on the top trends lists on Chinese social media platforms.
Lei Jun, founder of Xiaomi, stepped down as chairman of Beijing Xiaomi Electronic Software Technology Co., Ltd., an affiliated company of Airstar Digital Technology, a financial company owned by Xiaomi.
On September 13, Xiaomi Auto Technology Co., Ltd., a subsidiary of Chinese consumer tech firm Xiaomi, unveiled a patent entitled "Traffic Light Status Recognition Method, Device, Vehicle and Storage Medium."
Lei Jun, the founder and CEO of Chinese tech firm Xiaomi, said that the race in the EV industry was just getting started, "and I think Xiaomi has plenty of opportunities."
