A rise in shipments of smartphones, especially in Southeast Asia, helped to boost Xiaomi's second-quarter revenue by 30.5%, the smartphone and EV company said on Tuesday, against the backdrop of a sluggish global market.

Investors anxiously await an earnings report from Xiaomi Corp., following a rally that has driven its market value up $120 billion in the past year on excitement over its push into electric vehicles.

There will be an extra member in its flagship family. Up until now Xiaomi's flagship line comprised three devices - the vanilla, the Pro, and the

Record-high revenue from Xiaomi’s Internet-of-Things business and robust EV sales offset slightly lower smartphone revenue.

Xiaomi (pronounced shau-mi) is expected to launch electric vehicle sales in Europe by 2027 following the launch its its YU7 luxury SUV. The Beijing-based business is better known as the third largest smartphone maker in the world and it sold 61 million handsets last year.

They're expected to arrive next month. Xiaomi is expected to unveil the 15T and 15T Pro next month, around a year after their predecessors. Ahead of

A bigger piece of news after the close was that the Ministry of Industry and Information Technology (MIIT) held a symposium on competition in the solar industry, highlighting efforts to standardize competition and promote the orderly exit of outdated production capacity.

China's Xiaomi reported a 30.5% jump in second-quarter revenue on Tuesday, helped by strong orders for its new YU7 electric SUV. Revenue for the quarter ended June 30 was 116 billion yuan ($16.16 billion),

Xiaomi’s automotive push has been fueled by strong momentum at its home market. In the second quarter of 2025 alone, it delivered 81,302 vehicles, H1 total to 157,000. With production of the YU7 accelerating, deliveries are expected to increase, although some customers are already facing waits of more than a year.