BEIJING — China's Xiaomi, known for its smartphones, only recently entered the electric-vehicle space. It is now taking aim at Tesla's bestselling car in China.

Chinese technology giant Xiaomi will invest at least 50 billion yuan ($6.9 billion) over the next 10 years to develop its own chips, CEO Lei Jun said in a Weibo post on Monday.

Xiaomi will start selling its YU7 electric vehicle, in July, founder and CEO Lei Jun said on Thursday, disclosing the launch date of an SUV analysts say will be the strongest rival in China to ...

Chinese consumer electronics giant Xiaomi has launched a new electric SUV and debuted a self-designed smartphone chip, in a push to expand beyond its roots in budget devices.

The two firms propose China allow the launch of stablecoins in Hong Kong pegged to its offshore yuan to help promote global use of the Chinese currency and fend off the dollar's growing digital ...

Chinese smartphone and EV maker Xiaomi said on Thursday it will launch a new self-developed advanced mobile chip, XringO1, in late May, as it seeks to power more of its high-end devices with ...

That price range pits the YU7 against Tesla's Model Y, which starts at 263,500 yuan in China. Xiaomi plans to announce the YU7's price at the car's official launch in July.