Xiaomi

Chinese smartphone maker assembles workforce out of 20,000 applicants.

Xiaomi’s core smartphone business is humming along as the company invests in its EV business by acquiring self-driving startup Deepmotion.

After surpassing Apple in Q2, Xiaomi overcame Samsung, hit with production disruptions in Vietnam, to reach the world’s top position in June.

Overall sales for smartphones grew 49% compared to the same period last year, as they are used for essential activities like home-based learning and electronic payments.

Founder and CEO Lei Jun set a target for his company to surpass Samsung and become the world’s most popular smartphone company.

While Huawei retreats from the smartphone business, Xiaomi is ramping up its presence in Europe, Africa, and Latin America.

Xiaomi’s consumers and startups within its ecosystem have long been the backbone of its success, but could they also be the solution to its dream to make EVs?

India’s vaccine roll-out program at the beginning of the year instilled positive sentiment, but the second wave of COVID-19 infections has resulted in subdued consumer demand.