Lei Jun, the billionaire cofounder of Chinese tech giant Xiaomi, launched an electric SUV that could be a strong competitor to Tesla’s Model Y in China.

A report posted on the WeChat account of domestic media outlet chinanews.com on Monday contained two photos of Nvidia founder ...

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.

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.

Xiaomi will start sales of its highly anticipated YU7 SUV on June 26, as CEO Lei Jun announced on social media. Reports indicate that over 500 units have already rolled off the production line of ...

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 ...

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.

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 ...

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

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