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.

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

Xiaomi has gained some $120 billion of market value over the past year, galvanized by a drive into EVs that’s gained momentum against much larger and more experienced rivals.

Xiaomi struggles to ramp up YU7 production, which has led to long wait times of more than a year, prompting the CEO to recommend rival EVs

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on competition in the solar industry, highlighting efforts to standardize competition and promote the orderly exit of outdated production capacity.

Xiaomi’s second-quarter numbers just came out, and they’re not what the market expected—they’re bigger. The company’s revenue jumped 31% year-on-year, hitting

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

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),

HONG KONG] Xiaomi intends to sell its first electric vehicle (EV) in Europe by 2027, declaring plans to take on Tesla and BYD globally after gaining traction with its year-old Chinese EV business. Read more at The Business Times.

Design News is a regular column on developments in design. Read more at straitstimes.com. Read more at straitstimes.com.